The prices in real estate in Silverlake, in the Washington 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 Silverlake has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $325. In the following month the price per sq.feet decreased to $299. In the following two months the price per sq.feet has barely changed, going from $312 to $306 per sq.feet. The price per sq.feet has had a considerable deflation of 46 % 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 $309 to $142.5 during February, and March.
Based upon to the price in Silverlake (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $434,725. In November This price remains at $425,850. During the following two months (December, January) 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 $401,410.5 to $182,687.5, which means a 46 % fall.