The prices in real estate in Lutts, 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 Lutts has increased strongly during the last 6 months. In November, the average price per sq.feet was $1,976. In the following month the price per sq.feet increased considerably to $15,822. The price for the following two months in (January, February) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 257 % 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 $8,526.75 to $21,924.5 during March, and April.
Based upon to the price in Lutts (cities), these have remained the same in the last 6 months. The average price during our first sample month during November, is $131,667. During December the price went through a considerable rise reaching $164,943. In the following two months the average price has remained the same with regard to the previous two months from $148,305 to $152,082. During the last two months the average price has had a strong fall compared to the previous four going from $150,193.5 to $92,300, which means a 61 % fall.