The prices in real estate in Peralta, in the New Mexico 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 Peralta has increased strongly during the last 6 months. In September, the average price per sq.feet was $220. In the following month the price per sq.feet increased to $249. The price for the following two months in (November, December) had a considerable increment of 136 %. The price per sq.feet has had a considerable deflation of 78 % 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 $277 to $216.5 during January, and February.
Based upon to the price in Peralta (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $710,150. In October This price remains at $701,114. During the following two months (November, December) the average price had a considerable reduction of 83 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.