Property prices for sale in Elbow Lake (Minnesota)
The prices in real estate in Elbow Lake, in the Minnesota 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 Elbow Lake has increased strongly during the last 6 months. In October, the average price per sq.feet was $83. In November this price pretty much remained the same at a value of $84 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 137 %. The price per sq.feet has had a considerable increase of 127 % 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 $99 to $126 during February, and March.
Based upon to the price in Elbow Lake (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $160,300. In November This price remains at $158,086. During the following two months (December, January) the average price had a considerable increase of 119 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $174,383 to $161,551.5 in February and March.
