The prices in real estate in Oreana, in the Illinois 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 Oreana has increased strongly during the last 6 months. In November, the average price per sq.feet was $111. In December this price pretty much remained the same at a value of $110 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 7014 %. 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 $3,930.5 to $3,628.5 during March, and April.
Based upon to the price in Oreana (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $266,050. In December This price remains at $252,913. During the following two months (January, February) the average price had a considerable increase of 131 % 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 $299,934 to $125,775, which means a 42 % fall.