The prices in real estate in Ironwood, 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 Ironwood has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $265. In the following month the price per sq.feet decreased considerably to $107. In the following two months the price per sq.feet has increased 109 %, going from $186 to $203.5 per sq.feet. The price per sq.feet has had a considerable increase of 142 % 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 $194.75 to $277.5 during March, and April.
Based upon to the price in Ironwood (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $147,182. In December This price remains at $148,994. During the following two months (January, February) the price has had an average incrementation from $148,088 to $157,461.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $152,774.75 to $133,003 in March and April.