The prices in real estate in Truchas, in the New Mexico 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 Truchas has increased strongly during the last 6 months. In November, the average price per sq.feet was $288. In the following month the price per sq.feet decreased to $247. The price for the following two months in (January, February) had a considerable decrease of 46 with regard to the prior two months. The price per sq.feet has had a considerable increase of 748 % 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 $195.5 to $1,463 during March, and April.
Based upon to the price in Truchas (cities), this has fallen considerably in the last 6 months. The price in November is $696,222, rising in December till $745,077. During the following two months (January, February) the average price had a considerable reduction of 43 % 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 $514,039 to $403,800, which means a 79 % fall.