The prices in real estate in Hugo, in the Oklahoma 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 Hugo has increased strongly during the last 6 months. In October, the average price per sq.feet was $221. In the following month the price per sq.feet increased considerably to $1,158. In the following two months the price per sq.feet has barely changed, going from $689.5 to $709.5 per sq.feet. The price per sq.feet has had a considerable increase of 442 % 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 $699.5 to $3,093.5 during February, and March.
Based upon to the price in Hugo (cities), this has fallen considerably in the last 6 months. The average price for October is $494,150. During November the price had a considerable reduction till $263,514. During the following two months (December, January) 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 had a strong fall compared to the previous four going from $307,300.75 to $214,810, which means a 70 % fall.