The prices in real estate in Lake Andes, in the South Dakota 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 Lake Andes has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $25,062. In the following month the price per sq.feet decreased considerably to $6,396. The price for the following two months in (January, February) had a considerable decrease of 58 with regard to the prior two months. The price per sq.feet has had a considerable increase of 267 % 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 $12,389.5 to $33,122.5 during March, and April.
Based upon to the price in Lake Andes (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $280,667. During December the price went through a considerable rise reaching $1,458,000. During the following two months (January, February) the average price had a considerable reduction of 62 % 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 $704,910.5 to $242,540, which means a 34 % fall.