The prices in real estate in South Park, in the Pennsylvania 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 South Park has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $134. In November this price pretty much remained the same at a value of $137 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 41 % 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 $118.5 to $48.5 during February, and March.
Based upon to the price in South Park (cities), this has fallen considerably in the last 6 months. The average price for October is $268,655. During November the price had a slight fall till $244,165. During the following two months (December, January) the average price fell 86 % 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 $238,033.75 to $104,906.5, which means a 44 % fall.