Property prices for sale in Grand Chain (Illinois)
The prices in real estate in Grand Chain, in the Illinois 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 Grand Chain has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $19,152. In the following month the price per sq.feet decreased considerably to $15,269. The price for the following two months in (December, January) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $12,881.5 to $10,502 during February, and March.
Based upon to the price in Grand Chain (cities), this has fallen considerably in the last 6 months. The average price for October is $305,000. During November the price had a considerable reduction till $214,133. 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 $222,627.75 to $92,106.5, which means a 41 % fall.
