The prices in real estate in Latrobe, in the Pennsylvania 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 Latrobe has increased strongly during the last 6 months. In February, the average price per sq.feet was $11. In the following month the price per sq.feet increased considerably to $64,223. The price for the following two months in (April, May) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 13 % 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 $16,096 to $2,125 during June, and July.
Based upon to the price in Latrobe (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $114,214. During March the price went through a considerable rise reaching $186,633. During the following two months (April, May) the average price had a considerable reduction of 69 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 3021 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $7,674,975 they are 97 % more affordable than the average price for Latrobe. The properties with the lowest average price have 3 bedrooms, Their price is 96 % cheaper than the average. After that we have properties with 4 bedrooms priced at $270,216.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $80 / sq.feet, with an average $4,250 / sq.feet price in Latrobe. The properties with the lowest average prices have 4 bedrooms. They are 42 % cheaper than the average followed by properties with 3 bedrooms with a price at $110 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $7,674,975 it is 97 % cheaper than the average price in Latrobe. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $270,216 it is 95 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $125 / sq.feet followed by "Office" priced at $2,440 / sq.feet. "House" is the cheapest type of property with a $2,464 / sq.feet value followed by "Duplex" with an average price of $2,458 / sq.feet.