The prices in real estate in South Richmond Hill, 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 South Richmond Hill has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $580. In the following month the price per sq.feet decreased considerably to $433. In the following two months the price per sq.feet has barely changed, going from $506.5 to $519.5 per sq.feet. The price per sq.feet has had a considerable deflation of 0 % 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 $513 to during March, and April.
Based upon to the price in South Richmond Hill (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $1,082,000. In December This price remains at $1,035,435. During the following two months (January, February) the price has had an average incrementation from $1,058,717.5 to $1,160,194.5. During the last two months the average price has had a strong fall compared to the previous four going from $1,109,456 to , which means a 0 % fall.