The prices in real estate in Rico, in the Colorado 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 Rico has increased strongly during the last 6 months. In November, the average price per sq.feet was $416. In the following month the price per sq.feet increased considerably to $84,259. The price for the following two months in (January, February) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable increase of 491 % 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 $30,218 to $148,420.5 during March, and April.
Based upon to the price in Rico (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $657,667. In December This price remains at $625,750. During the following two months (January, February) the average price had a considerable increase of 211 % 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 $998,187.5 to $700,143, which means a 70 % fall.