The prices in real estate in Idlewild, in the Michigan 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 Idlewild has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,349. In the following month the price per sq.feet decreased considerably to $128. The price for the following two months in (January, February) had a considerable decrease of 64 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $606.75 to $477.5 during March, and April.
Based upon to the price in Idlewild (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $97,650. In December This price remains at $101,223. During the following two months (January, February) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % during the last two months.