The prices in real estate in Kalona, in the Iowa 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 Kalona has increased strongly during the last 6 months. In November, the average price per sq.feet was $2,057. In the following month the price per sq.feet decreased considerably to $195. The price for the following two months in (January, February) had a considerable increment of 360 %. The price per sq.feet has had a considerable increase of 377 % 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 $2,592.25 to $9,774.5 during March, and April.
Based upon to the price in Kalona (cities), this has fallen considerably in the last 6 months. The average price for November is $447,092. During December the price had a considerable reduction till $363,000. In the following two months the average price has remained the same with regard to the previous two months from $405,046 to $391,194.5. During the last two months the average price has had a strong fall compared to the previous four going from $398,120.25 to $330,094.5, which means a 83 % fall.