The prices in real estate in Santa Teresa, in the New Mexico region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Santa Teresa has fallen in the last 6 months. In March, the average price per sq.feet was $112. In April this price pretty much remained the same at a value of $112 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $112 to $111.5 per sq.feet. The price per sq.feet has had a considerable deflation of 76 % 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 $111.75 to $85 during July, and August.
Based upon to the price in Santa Teresa (cities), these have remained the same in the last 6 months. The average price during our first sample month during March, is $272,796. During April the price went through a considerable rise reaching $319,049. In the following two months the average price has remained the same with regard to the previous two months from $295,922.5 to $308,137.5. During the last two months the average price has had a strong fall compared to the previous four going from $302,030 to $217,123, which means a 72 % fall.