The prices in real estate in Sebec, in the Maine 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 Sebec has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $940. In the following month the price per sq.feet decreased considerably to $371. In the following two months the price per sq.feet has increased 105 %, going from $655.5 to $688.5 per sq.feet. The price per sq.feet has had a considerable deflation of 23 % 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 $672 to $155.5 during March, and April.
Based upon to the price in Sebec (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $226,818. In December This price remains at $225,000. During the following two months (January, February) the average price had a considerable reduction of 75 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.