The prices in real estate in Lamy, in the New Mexico 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 Lamy has increased strongly during the last 6 months. In November, the average price per sq.feet was $851. In the following month the price per sq.feet increased considerably to $2,679. The price for the following two months in (January, February) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable increase of 362 % 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 $1,441.25 to $5,215 during March, and April.
Based upon to the price in Lamy (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $747,250. During December the price went through a considerable rise reaching $1,494,652. During the following two months (January, February) the average price had a considerable increase of 255 % 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 $1,991,403.25 to $1,176,853, which means a 59 % fall.