The prices in real estate in Chimayo, in the New Mexico 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 Chimayo has increased strongly during the last 6 months. In November, the average price per sq.feet was $931. In the following month the price per sq.feet increased considerably to $9,817. The price for the following two months in (January, February) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable increase of 515 % 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 $3,143.5 to $16,173.5 during March, and April.
Based upon to the price in Chimayo (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $541,000. In December This price remains at $531,300. During the following two months (January, February) the average price had a considerable increase of 147 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % during the last two months.