The prices in real estate in Woodhaven, in the New York 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 Woodhaven has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $327. In the following month the price per sq.feet decreased to $292. In the following two months the price per sq.feet has barely changed, going from $309.5 to $314.5 per sq.feet. The price per sq.feet has had a considerable deflation of 64 % 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 $312 to $200 during August, and September.
Based upon to the price in Woodhaven (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $426,678. In May This price remains at $418,031. During the following two months (June, July) the price has had an average incrementation from $422,354.5 to $458,677.5. During the last two months the average price has had a strong fall compared to the previous four going from $440,516 to $328,479.5, which means a 75 % fall.