The prices in real estate in Le Center, in the Minnesota 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 Le Center has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $124. In August this price pretty much remained the same at a value of $124 per sq.feet. The price for the following two months in (September, October) decreased 91 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 53 % 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 $118.5 to $63 during November, and December.
Based upon to the price in Le Center (cities), this has fallen considerably in the last 6 months. In our first sample month during July, the average price is $279,300. In August This price remains at $278,300. During the following two months (September, October) the average price had a considerable reduction of 79 % 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 $249,162.5 to $120,800, which means a 48 % fall.