The prices in real estate in Blum, in the Texas 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 Blum has increased strongly during the last 6 months. In November, the average price per sq.feet was $4,470. In the following month the price per sq.feet increased considerably to $6,589. In the following two months the price per sq.feet has barely changed, going from $5,529.5 to $5,358.5 per sq.feet. The price per sq.feet has had a considerable increase of 245 % 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 $5,444 to $13,363 during March, and April.
Based upon to the price in Blum (cities), this has gone up considerably in the last 6 months. The price in November is $508,192, rising in December till $543,132. During the following two months (January, February) the average price had a considerable increase of 176 % 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 $725,029.75 to $465,626, which means a 64 % fall.