The prices in real estate in Mayville, 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 Mayville has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $1,895. In March this price pretty much remained the same at a value of $1,895 per sq.feet. The price for the following two months in (April, May) had a considerable decrease of 3 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 12 % 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 $974 to $117.5 during June, and July.
Based upon to the price in Mayville (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $3,289,574. In March This price remains at $3,289,574. During the following two months (April, May) the average price had a considerable reduction of 2 % 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 $1,677,367.5 to $161,570, which means a 10 % fall.