The prices in real estate in Manitou, in the Kentucky 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 Manitou has increased strongly during the last 6 months. In November, the average price per sq.feet was $2,454. In the following month the price per sq.feet decreased to $2,218. The price for the following two months in (January, February) had a considerable increment of 121 %. The price per sq.feet has had a considerable increase of 154 % 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 $2,576.5 to $3,962 during March, and April.
Based upon to the price in Manitou (cities), this has fallen considerably in the last 6 months. The price in November is $1,225,271, rising in December till $1,384,613. During the following two months (January, February) the average price had a considerable reduction of 58 % 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 $1,028,708.5 to $836,435, which means a 81 % fall.