The prices in real estate in Rhine, in the Georgia 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 Rhine has increased strongly during the last 6 months. In November, the average price per sq.feet was $777. In December this price pretty much remained the same at a value of $802 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 317 %. The price per sq.feet has had a considerable increase of 230 % 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 $1,647.25 to $3,784.5 during March, and April.
Based upon to the price in Rhine (cities), this has fallen considerably in the last 6 months. The price in November is $565,117, rising in December till $601,583. During the following two months (January, February) the average price had a considerable reduction of 76 % 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 $514,409.5 to $368,196, which means a 72 % fall.