The prices in real estate in Jellico, in the Tennessee 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 Jellico has increased strongly during the last 6 months. In November, the average price per sq.feet was $92. In December this price pretty much remained the same at a value of $96 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $94 to $101 per sq.feet. The price per sq.feet has had a considerable increase of 696 % 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 $97.5 to $678.5 during March, and April.
Based upon to the price in Jellico (cities), this has gone up in the last 6 months. The average price during our first sample month during November, is $171,890. During December the price went through a considerable rise reaching $221,177. In the following two months the average price has remained the same with regard to the previous two months from $196,533.5 to $188,722. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $192,627.75 to $177,200.5 in March and April.