The prices in real estate in Luzerne, 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 Luzerne has increased strongly during the last 6 months. In October, the average price per sq.feet was $281. In the following month the price per sq.feet increased to $313. The price for the following two months in (December, January) had a considerable decrease of 62 with regard to the prior two months. The price per sq.feet has had a considerable increase of 656 % 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 $241 to $1,580.5 during February, and March.
Based upon to the price in Luzerne (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $118,510. During November the price went through a considerable rise reaching $137,708. During the following two months (December, January) the average price had a considerable increase of 123 % 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 gone up 111 % during the last two months.