The prices in real estate in Balaton, in the Minnesota region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Balaton has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $10,749. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (January, February) decreased 85 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 125 % 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 $4,972.5 to $6,216 during March, and April.
Based upon to the price in Balaton (cities), this has fallen considerably in the last 6 months. The average price for November is $126,613. During December the price had a considerable reduction till . During the following two months (January, February) the average price had a considerable increase of 141 % 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 132 % during the last two months.