The prices in real estate in Twin Lakes, in the Colorado 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 Twin Lakes has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $334. In the following month the price per sq.feet decreased to $317. The price for the following two months in (September, October) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 63 % 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 $286.25 to $181 during November, and December.
Based upon to the price in Twin Lakes (cities), this has gone downing the last 6 months. The average price during our first sample month during July, is $652,000. During August the price went through a considerable rise reaching $861,000. During the following two months (September, October) 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 $701,878.5 to $342,883.5, which means a 49 % fall.