The prices in real estate in Fernwood, in the Idaho 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 Fernwood has increased strongly during the last 6 months. In November, the average price per sq.feet was $237. In the following month the price per sq.feet increased considerably to $5,961. The price for the following two months in (January, February) had a considerable decrease of 10 with regard to the prior two months. The price per sq.feet has had a considerable increase of 443 % 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 $1,700 to $7,538 during March, and April.
Based upon to the price in Fernwood (cities), these have remained the same in the last 6 months. The average price for November is $304,225. During December the price had a considerable reduction till $250,444. During the following two months (January, February) the average price had a considerable increase of 121 % 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 88 %, going from $306,404.75 to $268,337.5 in March and April.