The prices in real estate in Saint George Island, in the Alaska 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 Saint George Island has increased strongly during the last 6 months. In October, the average price per sq.feet was $616. In the following month the price per sq.feet increased considerably to $728. In the following two months the price per sq.feet has increased 107 %, going from $672 to $721.5 per sq.feet. The price per sq.feet has increased 108 % 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 $696.75 to $755 during February, and March.
Based upon to the price in Saint George Island (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $1,307,889. During November the price went through a considerable rise reaching $1,881,667. In the following two months the average price has remained the same with regard to the previous two months from $1,594,778 to $1,566,700. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.