The prices in real estate in Wellington, in the Nevada 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 Wellington has increased strongly during the last 6 months. In October, the average price per sq.feet was $260. In November this price pretty much remained the same at a value of $271 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 1430 %. The price per sq.feet has had a considerable increase of 311 % 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 $2,031.25 to $6,310.5 during February, and March.
Based upon to the price in Wellington (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $595,577. In November This price remains at $581,982. In the following two months the average price has remained the same with regard to the previous two months from $588,779.5 to $574,206.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $581,493 to $547,871.5 in February and March.