The prices in real estate in Rainsville, in the Alabama 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 Rainsville has increased strongly during the last 6 months. In November, the average price per sq.feet was $152. In December this price pretty much remained the same at a value of $157 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $154.5 to $155 per sq.feet. The price per sq.feet has had a considerable increase of 1872 % 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 $154.75 to $2,896.5 during March, and April.
Based upon to the price in Rainsville (cities), these have remained the same in the last 6 months. The price in November is $274,511, rising in December till $295,416. In the following two months the average price has remained the same with regard to the previous two months from $284,963.5 to $292,213.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $288,588.5 to $265,126 in March and April.