Property prices for sale in Pennellville (New York)
The prices in real estate in Pennellville, in the New York 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 Pennellville has increased strongly during the last 6 months. In November, the average price per sq.feet was $129. In the following month the price per sq.feet increased considerably to $6,789. The price for the following two months in (January, February) had a considerable decrease of 2 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 12 % 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 $1,758 to $208.5 during March, and April.
Based upon to the price in Pennellville (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $171,044. In December This price remains at $178,908. During the following two months (January, February) the average price had a considerable reduction of 56 % 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 284 % during the last two months.
