The prices in real estate in Shortsville, 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 Shortsville has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $202. In December this price pretty much remained the same at a value of $206 per sq.feet. The price for the following two months in (January, February) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 63 % 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 $198 to $125 during March, and April.
Based upon to the price in Shortsville (cities), this has fallen considerably in the last 6 months. The average price for November is $493,113. During December the price had a slight fall till $437,488. During the following two months (January, February) the average price had a considerable reduction of 78 % 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 $413,101.5 to $193,758.5, which means a 47 % fall.