Property prices for sale in Lutsen (Minnesota)
The prices in real estate in Lutsen, in the Minnesota region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Lutsen has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,232. In the following month the price per sq.feet increased considerably to $9,405. The price for the following two months in (December, January) had a considerable increment of 146 %. The price per sq.feet has had a considerable increase of 222 % 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 $6,538.25 to $14,486 during February, and March.
Based upon to the price in Lutsen (cities), this has fallen considerably in the last 6 months. The average price for October is $678,500. During November the price had a considerable reduction till $379,183. During the following two months (December, January) the average price had a considerable reduction of 76 % 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 $464,375.75 to $323,258.5, which means a 70 % fall.
