The prices in real estate in Simla, 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 Simla has increased strongly during the last 6 months. In November, the average price per sq.feet was $173. In the following month the price per sq.feet increased considerably to $237. The price for the following two months in (January, February) had a considerable decrease of 77 with regard to the prior two months. The price per sq.feet has had a considerable increase of 185 % 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 $181.5 to $336.5 during March, and April.
Based upon to the price in Simla (cities), this has gone up in the last 6 months. The price in November is $317,175, rising in December till $349,619. In the following two months the average price has remained the same with regard to the previous two months from $333,397 to $325,812.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.