The prices in real estate in Panhandle, in the Texas 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 Panhandle has increased strongly during the last 6 months. In October, the average price per sq.feet was $202. In the following month the price per sq.feet decreased considerably to $91. The price for the following two months in (December, January) had a considerable increment of 327 %. The price per sq.feet has had a considerable increase of 176 % 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 $312.75 to $549.5 during February, and March.
Based upon to the price in Panhandle (cities), this has fallen considerably in the last 6 months. The average price for October is $1,473,983. During November the price had a considerable reduction till $142,078. During the following two months (December, January) the average price had a considerable reduction of 15 % 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 $465,452.75 to $201,950, which means a 43 % fall.