The prices in real estate in Elephant Butte, 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 Elephant Butte has increased strongly during the last 6 months. In October, the average price per sq.feet was $193. In the following month the price per sq.feet decreased to $173. The price for the following two months in (December, January) had a considerable increment of 411 %. The price per sq.feet has had a considerable increase of 1952 % 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 $467.75 to $9,132.5 during February, and March.
Based upon to the price in Elephant Butte (cities), this has fallen considerably in the last 6 months. The average price for October is $866,333. During November the price had a considerable reduction till $503,250. During the following two months (December, January) the average price fell 92 % 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 $658,723 to $538,687.5, which means a 82 % fall.