The prices in real estate in Rutledge, in the Georgia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Rutledge has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $130. In March this price pretty much remained the same at a value of $125 per sq.feet. The price for the following two months in (April, May) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 63 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $120.5 to $76 during June, and July.
Based upon to the price in Rutledge (cities), this has fallen considerably in the last 6 months. The average price for February is $300,350. During March the price had a slight fall till $279,042. During the following two months (April, May) the average price had a considerable reduction of 80 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $260,868.75 to $170,587.5, which means a 65 % fall.