The prices in real estate in Townsend, in the Delaware 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 Townsend has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $168. In May this price pretty much remained the same at a value of $176 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $172 to $177.5 per sq.feet. The price per sq.feet has had a considerable deflation of 49 % 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 $174.75 to $85.5 during August, and September.
Based upon to the price in Townsend (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $382,286. In May This price remains at $373,521. In the following two months the average price has remained the same with regard to the previous two months from $377,903.5 to $375,779.5. During the last two months the average price has had a strong fall compared to the previous four going from $376,841.5 to $197,633, which means a 52 % fall.