The prices in real estate in Mount Ida, 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 Mount Ida has increased strongly during the last 6 months. In October, the average price per sq.feet was $160. In the following month the price per sq.feet increased to $175. In the following two months the price per sq.feet has barely changed, going from $167.5 to $168.5 per sq.feet. The price per sq.feet has had a considerable increase of 182 % 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 $168 to $306 during February, and March.
Based upon to the price in Mount Ida (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $341,726. In November This price remains at $344,704. In the following two months the average price has remained the same with regard to the previous two months from $343,215 to $337,845.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 137 % during the last two months.