The prices in real estate in Spruce Head, 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 Spruce Head has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $285. In the following month the price per sq.feet increased considerably to $331. The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. 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 $298 to during February, and March.
Based upon to the price in Spruce Head (cities), this has fallen considerably in the last 6 months. The price in October is $413,817, rising in November till $469,580. During the following two months (December, January) the average price had a considerable reduction of 84 % 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 $407,205.5 to , which means a 0 % fall.