The prices in real estate in Magazine, 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 Magazine has increased strongly during the last 6 months. In November, the average price per sq.feet was $408. In the following month the price per sq.feet decreased considerably to $165. The price for the following two months in (January, February) had a considerable increment of 329 %. The price per sq.feet has had a considerable increase of 131 % 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 $614 to $805.5 during March, and April.
Based upon to the price in Magazine (cities), this has fallen considerably in the last 6 months. The price in November is $296,195, rising in December till $311,946. During the following two months (January, February) the average price fell 90 % 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 $288,810 to $170,064.5, which means a 59 % fall.