The prices in real estate in Moapa, in the Nevada 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 Moapa has increased strongly during the last 6 months. In October, the average price per sq.feet was $3,117. In the following month the price per sq.feet increased to $3,505. The price for the following two months in (December, January) had a considerable increment of 183 %. The price per sq.feet has had a considerable increase of 201 % 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 $4,691.5 to $9,425.5 during February, and March.
Based upon to the price in Moapa (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is $389,933. During November the price went through a considerable rise reaching $475,050. During the following two months (December, January) the average price had a considerable reduction of 38 % 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 $297,758.25 to $68,166.5, which means a 23 % fall.