The prices in real estate in Lovell, in the Maine 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 Lovell has increased strongly during the last 6 months. In April, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $301. The price for the following two months in (June, July) had a considerable increment of 273 %. The price per sq.feet has had a considerable deflation of 40 % 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 $280.5 to $111.5 during August, and September.
Based upon to the price in Lovell (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is . During May the price went through a considerable rise reaching $1,055,975. During the following two months (June, July) the average price had a considerable increase of 191 % 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 $769,261.25 to $296,691, which means a 39 % fall.