The prices in real estate in Belle Plaine, 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 Belle Plaine has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $176. In the following month the price per sq.feet decreased considerably to $137. In the following two months the price per sq.feet has barely changed, going from $156.5 to $160 per sq.feet. The price per sq.feet has had a considerable deflation of 55 % 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 $158.25 to $87.5 during March, and April.
Based upon to the price in Belle Plaine (cities), this has fallen considerably in the last 6 months. The average price for November is $385,262. During December the price had a considerable reduction till $321,575. During the following two months (January, February) the average price had a considerable reduction of 84 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $325,580.5 to $142,520, which means a 44 % fall.