The prices in real estate in Blue Island, in the Illinois 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 Blue Island has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $99. In April this price pretty much remained the same at a value of $99 per sq.feet. The price for the following two months in (May, June) decreased 87 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 47 % 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 $92.75 to $44 during July, and August.
Based upon to the price in Blue Island (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $138,947. In April This price remains at $138,947. In the following two months the average price has remained the same with regard to the previous two months from $138,947 to $135,078.5. During the last two months the average price has had a strong fall compared to the previous four going from $137,012.75 to $88,284.5, which means a 64 % fall.