The prices in real estate in Elk Park, in the North Carolina 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 Elk Park has increased strongly during the last 6 months. In November, the average price per sq.feet was $447. In the following month the price per sq.feet increased considerably to $952. The price for the following two months in (January, February) had a considerable increment of 5219 %. The price per sq.feet has increased 107 % 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 $18,603.5 to $19,873.5 during March, and April.
Based upon to the price in Elk Park (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $640,350. In December This price remains at $638,568. During the following two months (January, February) the average price had a considerable reduction of 62 % 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 95 %, going from $516,778.75 to $489,125 in March and April.