The prices in real estate in Kite, in the Georgia 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 Kite has increased strongly during the last 6 months. In October, the average price per sq.feet was $299. In the following month the price per sq.feet increased considerably to $35,637. The price for the following two months in (December, January) had a considerable increment of 231 %. The price per sq.feet has had a considerable increase of 159 % 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 $29,745 to $47,407 during February, and March.
Based upon to the price in Kite (cities), this has fallen considerably in the last 6 months. The average price for October is $651,143. During November the price had a considerable reduction till $162,750. During the following two months (December, January) the average price had a considerable reduction of 36 % 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 $276,160.75 to $128,000, which means a 46 % fall.