The prices in real estate in San Ardo, in the California 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 San Ardo has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $450. In the following month the price per sq.feet decreased considerably to $327. The price for the following two months in (January, February) had a considerable decrease of 41 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 26 % 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 $273.75 to $72 during March, and April.
Based upon to the price in San Ardo (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $693,000. In December This price remains at $715,400. During the following two months (January, February) the average price had a considerable reduction of 49 % 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 $525,650 to $374,166.5, which means a 71 % fall.