The prices in real estate in Port Allegany, 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 Port Allegany has increased strongly during the last 6 months. In November, the average price per sq.feet was $90. In December this price pretty much remained the same at a value of $91 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 294 %. The price per sq.feet has had a considerable increase of 120 % 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 $178.5 to $214 during March, and April.
Based upon to the price in Port Allegany (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $161,748. In December This price remains at $154,432. During the following two months (January, February) the average price had a considerable reduction of 77 % 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 123 % during the last two months.