The prices in real estate in South Pekin, in the Illinois 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 South Pekin has increased strongly during the last 6 months. In November, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $72. In the following two months the price per sq.feet has increased 107 %, going from $36 to $38.5 per sq.feet. The price per sq.feet has increased 113 % 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 $37.25 to $42 during March, and April.
Based upon to the price in South Pekin (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $115,189. During the following two months (January, February) the price has had an average incrementation from $57,594.5 to $65,275. During the last two months the average price has had a strong fall compared to the previous four going from $61,434.75 to $46,633.5, which means a 76 % fall.