The prices in real estate in Mecosta, 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 Mecosta has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $450. In the following month the price per sq.feet decreased to $388. The price for the following two months in (December, January) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable increase of 130 % 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 $296.5 to $386.5 during February, and March.
Based upon to the price in Mecosta (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $245,003. During November the price went through a considerable rise reaching $375,145. In the following two months the average price has remained the same with regard to the previous two months from $310,074 to $295,212. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % during the last two months.