The prices in real estate in Rhinecliff, in the New York 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 Rhinecliff has increased strongly during the last 6 months. In November, the average price per sq.feet was $543. In the following month the price per sq.feet increased considerably to $11,707. In the following two months the price per sq.feet has barely changed, going from $6,125 to $6,010 per sq.feet. The price per sq.feet has had a considerable deflation of 7 % 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 $6,067.5 to $417.5 during March, and April.
Based upon to the price in Rhinecliff (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $1,093,889. During December the price went through a considerable rise reaching $1,754,400. During the following two months (January, February) the price has had an average incrementation from $1,424,144.5 to $1,605,116.5. During the last two months the average price has had a strong fall compared to the previous four going from $1,514,630.5 to $1,267,083.5, which means a 84 % fall.