Property prices for sale in London Mills (Illinois)
The prices in real estate in London Mills, 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 London Mills has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $122. In December this price pretty much remained the same at a value of $126 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 42 % 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 $94.25 to $39.5 during March, and April.
Based upon to the price in London Mills (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $265,000. In December This price remains at $273,000. During the following two months (January, February) the average price had a considerable reduction of 58 % 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 $212,000 to $83,750, which means a 40 % fall.
