The prices in real estate in Thorndale, in the Texas 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 Thorndale has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,462. In the following month the price per sq.feet decreased considerably to $250. The price for the following two months in (December, January) had a considerable decrease of 40 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 25 % 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 $597.5 to $150 during February, and March.
Based upon to the price in Thorndale (cities), this has fallen considerably in the last 6 months. The average price for October is $1,760,342. During November the price had a considerable reduction till $303,486. During the following two months (December, January) the average price had a considerable reduction of 46 % 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 $755,082 to $214,300, which means a 28 % fall.