The prices in real estate in Hillsboro, in the Missouri region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Hillsboro has increased strongly during the last 6 months. In November, the average price per sq.feet was $250. In December this price pretty much remained the same at a value of $247 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 788 %. The price per sq.feet has had a considerable increase of 351 % 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 $1,103 to $3,867 during March, and April.
Based upon to the price in Hillsboro (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $478,129. In December This price remains at $494,749. During the following two months (January, February) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $463,903 to $403,189 in March and April.