The prices in real estate in Shubuta, in the Mississippi 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 Shubuta has increased strongly during the last 6 months. In November, the average price per sq.feet was $260. In the following month the price per sq.feet increased considerably to $14,890. The price for the following two months in (January, February) had a considerable decrease of 29 with regard to the prior two months. The price per sq.feet has had a considerable increase of 260 % 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 $4,884 to $12,689 during March, and April.
Based upon to the price in Shubuta (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $131,108. During December the price went through a considerable rise reaching $163,545. During the following two months (January, February) the average price had a considerable reduction of 66 % 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 risen strongly 227 % during the last two months.