The prices in real estate in Muleshoe, in the Texas 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 Muleshoe has increased strongly during the last 6 months. In November, the average price per sq.feet was $94. In December this price pretty much remained the same at a value of $96 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 295 %. The price per sq.feet has decreased 92 % 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 $187.5 to $173 during March, and April.
Based upon to the price in Muleshoe (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $227,254. In December This price remains at $217,300. During the following two months (January, February) the average price had a considerable increase of 174 % 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 $305,029.25 to $246,441.5, which means a 81 % fall.