The prices in real estate in Madison Lake, 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 Madison Lake has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $214. In May this price pretty much remained the same at a value of $209 per sq.feet. The price for the following two months in (June, July) decreased 87 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 52 % 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 $197.25 to $103 during August, and September.
Based upon to the price in Madison Lake (cities), this has fallen considerably in the last 6 months. The average price for April is $742,862. During May the price had a considerable reduction till $627,489. During the following two months (June, July) the average price fell 91 % 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 $654,148.25 to $391,340, which means a 60 % fall.