The prices in real estate in Fonda, in the New York 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 Fonda has increased strongly during the last 6 months. In November, the average price per sq.feet was $123. In the following month the price per sq.feet increased considerably to $622. The price for the following two months in (January, February) had a considerable increment of 125 %. The price per sq.feet has had a considerable deflation of 31 % 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 $418.5 to $129.5 during March, and April.
Based upon to the price in Fonda (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $192,838. During December the price went through a considerable rise reaching $236,687. During the following two months (January, February) the price has had an average incrementation from $214,762.5 to $236,470.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $225,616.5 to $211,753.5 in March and April.