The prices in real estate in Magnolia Springs, in the Alabama 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 Magnolia Springs has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $16,879. In the following month the price per sq.feet decreased considerably to $404. The price for the following two months in (December, January) had a considerable decrease of 5 with regard to the prior two months. The price per sq.feet has had a considerable increase of 282 % 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 $4,532.75 to $12,768 during February, and March.
Based upon to the price in Magnolia Springs (cities), this has gone up in the last 6 months. The price in October is $569,564, rising in November till $618,462. During the following two months (December, January) the average price had a considerable increase of 120 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $652,868.75 to $608,993 in February and March.