The prices in real estate in Elk Point, 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 Elk Point has increased strongly during the last 6 months. In October, the average price per sq.feet was $193. In November this price pretty much remained the same at a value of $185 per sq.feet. The price for the following two months in (December, January) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1916 % 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 $181.75 to $3,482.5 during February, and March.
Based upon to the price in Elk Point (cities), this has gone downing the last 6 months. The average price for October is $407,825. During November the price had a slight fall till $361,973. During the following two months (December, January) the average price fell 92 % 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 91 %, going from $369,247.75 to $336,810.5 in February and March.