The prices in real estate in Dell Rapids, in the South Dakota 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 Dell Rapids has increased strongly during the last 6 months. In October, the average price per sq.feet was $221. In the following month the price per sq.feet increased considerably to $4,164. In the following two months the price per sq.feet has barely changed, going from $2,192.5 to $2,240 per sq.feet. The price per sq.feet has had a considerable increase of 1120 % 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 $2,216.25 to $24,821 during February, and March.
Based upon to the price in Dell Rapids (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $433,071. In November This price remains at $413,066. During the following two months (December, January) the average price had a considerable reduction of 78 % 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 $376,100 to $273,538.5, which means a 73 % fall.