The prices in real estate in Mc Rae, 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 Mc Rae has increased strongly during the last 6 months. In November, the average price per sq.feet was $95. In December this price pretty much remained the same at a value of $97 per sq.feet. In the following two months the price per sq.feet has increased 109 %, going from $96 to $105 per sq.feet. The price per sq.feet has had a considerable increase of 138 % 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 $100.5 to $138.5 during March, and April.
Based upon to the price in Mc Rae (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $212,167. In December This price remains at $216,982. In the following two months the average price has remained the same with regard to the previous two months from $214,574.5 to $208,759.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 198 % during the last two months.