The prices in real estate in Demotte, in the Indiana 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 Demotte has increased strongly during the last 6 months. In November, the average price per sq.feet was $162. In December this price pretty much remained the same at a value of $164 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from $163 to $171.5 per sq.feet. The price per sq.feet has had a considerable increase of 1471 % 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 $167.25 to $2,461 during March, and April.
Based upon to the price in Demotte (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $364,953. In December This price remains at $362,232. During the following two months (January, February) the average price fell 86 % 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 93 %, going from $338,147.25 to $314,215 in March and April.