The prices in real estate in Scranton, 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 Scranton has increased strongly during the last 6 months. In February, the average price per sq.feet was $58. In the following month the price per sq.feet decreased to $53. The price for the following two months in (April, May) had a considerable increment of 123 %. The price per sq.feet has had a considerable increase of 121 % 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 $62 to $75 during June, and July.
Based upon to the price in Scranton (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is $108,175. In March This price remains at $107,374. During the following two months (April, May) the price has had an average incrementation from $107,774.5 to $122,644. 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.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $126,031 they are 14 % more affordable than the average price for Scranton. The properties with the lowest average price have 1 bedroom, Their price is 14 % cheaper than the average. After that we have properties with 4 bedrooms priced at $108,462.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $56 / sq.feet, with an average $81 / sq.feet price in Scranton. The properties with the lowest average prices have 1 bedroom. They are 25 % cheaper than the average followed by properties with 4 bedrooms with a price at $56 / sq.feet.
With regard to the average price based upon the property in Scranton we can see that the cheapest property type is "House" at a price of $108,462, they are 14 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 14 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $56 / sq.feet. "House" with an average cost of $56 / sq.feet has the lowest price and would be directed at less affluent cities.