The prices in real estate in Hope, in the Arkansas 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 Hope has increased strongly during the last 6 months. In October, the average price per sq.feet was $150. In the following month the price per sq.feet increased to $170. The price for the following two months in (December, January) had a considerable decrease of 56 with regard to the prior two months. The price per sq.feet has had a considerable increase of 224 % 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 $124.5 to $279 during February, and March.
Based upon to the price in Hope (cities), this has fallen considerably in the last 6 months. The average price for October is $268,460. During November the price had a considerable reduction till $161,278. During the following two months (December, January) the average price had a considerable reduction of 72 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.