Property prices for sale in Saranac Lake (New York)
The prices in real estate in Saranac Lake, in the New York 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 Saranac Lake has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $56,575. In the following month the price per sq.feet decreased considerably to $1,580. The price for the following two months in (January, February) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 2 % 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 $15,170.75 to $248.5 during March, and April.
Based upon to the price in Saranac Lake (cities), this has gone downing the last 6 months. The average price during our first sample month during November, is $568,408. During December the price went through a considerable rise reaching $657,156. During the following two months (January, February) the average price fell 87 % 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 $572,559.75 to $408,051.5, which means a 71 % fall.
