The prices in real estate in Spencerville, in the Maryland 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 Spencerville has increased strongly during the last 6 months. In October, the average price per sq.feet was $66,090. In the following month the price per sq.feet decreased considerably to $415. The price for the following two months in (December, January) had a considerable increment of 273 %. The price per sq.feet has had a considerable increase of 274 % 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 $62,059 to $170,000 during February, and March.
Based upon to the price in Spencerville (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is $1,043,442. During November the price went through a considerable rise reaching $1,246,070. During the following two months (December, January) the average price had a considerable reduction of 28 % 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 $730,294.5 to $211,666.5, which means a 29 % fall.