The prices in real estate in Westpoint, in the Tennessee 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 Westpoint has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $3,857. In the following month the price per sq.feet decreased considerably to $828. The price for the following two months in (January, February) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $1,675.75 to $1,386 during March, and April.
Based upon to the price in Westpoint (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $309,111. During December the price went through a considerable rise reaching $610,290. During the following two months (January, February) the average price had a considerable increase of 142 % 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 $557,089.75 to $423,170.5, which means a 76 % fall.