The prices in real estate in Maple Rapids, in the Michigan 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 Maple Rapids has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $2,005. In the following month the price per sq.feet decreased considerably to $113. The price for the following two months in (January, February) had a considerable decrease of 70 with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $898.25 to $811 during March, and April.
Based upon to the price in Maple Rapids (cities), this has fallen considerably in the last 6 months. The average price for November is $221,200. During December the price had a slight fall till $192,425. In the following two months the average price has remained the same with regard to the previous two months from $206,812.5 to $200,766.5. During the last two months the average price has had a strong fall compared to the previous four going from $203,789.5 to $113,970, which means a 56 % fall.