The prices in real estate in Tontitown, in the Arkansas 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 Tontitown has increased strongly during the last 6 months. In November, the average price per sq.feet was $220. In December this price pretty much remained the same at a value of $224 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $222 to $213 per sq.feet. The price per sq.feet has had a considerable increase of 339 % 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 $217.5 to $737 during March, and April.
Based upon to the price in Tontitown (cities), this has gone downing the last 6 months. The average price for November is $569,655. During December the price had a slight fall till $519,129. During the following two months (January, February) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $510,432.5 and $492,350 between March and April.