The prices in real estate in Grace, in the Idaho 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 Grace has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $4,955. In the following month the price per sq.feet decreased considerably to $218. The price for the following two months in (December, January) had a considerable increment of 168 %. The price per sq.feet has had a considerable increase of 149 % 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 $3,467.25 to $5,154 during February, and March.
Based upon to the price in Grace (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is $742,143. During November the price went through a considerable rise reaching $1,156,250. During the following two months (December, January) the average price had a considerable reduction of 72 % 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 $814,939.25 to $653,114, which means a 80 % fall.