The prices in real estate in Yermo, in the California 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 Yermo has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $155. In January this price pretty much remained the same at a value of $152 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 0 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 $76.75 to $48.5 during April, and May.
Based upon to the price in Yermo (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during December, is $201,333. During January the price went through a considerable rise reaching $321,986. During the following two months (February, March) the average price had a considerable reduction of 0 % 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 $130,829.75 to $102,483.5, which means a 78 % fall.