The prices in real estate in Sandia, in the Texas 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 Sandia has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $2,490. In the following month the price per sq.feet decreased considerably to $116. The price for the following two months in (April, May) had a considerable decrease of 9 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 14 % 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 $710.25 to $100 during June, and July.
Based upon to the price in Sandia (cities), this has fallen considerably in the last 6 months. The average price for February is $3,523,304. During March the price had a considerable reduction till $331,633. During the following two months (April, May) the average price had a considerable reduction of 12 % 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 $1,082,103 to $151,687.5, which means a 14 % fall.