The prices in real estate in Gonvick, 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 Gonvick has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $13,057. In the following month the price per sq.feet decreased considerably to $167. In the following two months the price per sq.feet has increased 105 %, going from $6,612 to $6,945.5 per sq.feet. The price per sq.feet has had a considerable increase of 117 % 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 $6,778.75 to $7,912.5 during March, and April.
Based upon to the price in Gonvick (cities), this has gone up considerably in the last 6 months. The price in November is $182,300, rising in December till $196,657. During the following two months (January, February) the price has had an average incrementation from $189,478.5 to $217,519. Based on an analysis of the first four prices and the last two months the average price has risen strongly 140 % during the last two months.