The prices in real estate in Mequon, in the Wisconsin 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 Mequon has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $228. In the following month the price per sq.feet decreased to $201. In the following two months the price per sq.feet has barely changed, going from $214.5 to $206.5 per sq.feet. The price per sq.feet has had a considerable deflation of 53 % 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 $210.5 to $112.5 during August, and September.
Based upon to the price in Mequon (cities), this has fallen considerably in the last 6 months. The average price for April is $891,241. During May the price had a considerable reduction till $706,959. During the following two months (June, July) the average price had a considerable reduction of 80 % 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 $717,720.75 to $334,278.5, which means a 47 % fall.