The prices in real estate in Minocqua, 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 Minocqua has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $6,316. In the following month the price per sq.feet decreased considerably to $606. In the following two months the price per sq.feet has increased 106 %, going from $3,461 to $3,666 per sq.feet. The price per sq.feet has had a considerable increase of 142 % 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 $3,563.5 to $5,077.5 during March, and April.
Based upon to the price in Minocqua (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $421,132. During December the price went through a considerable rise reaching $706,408. During the following two months (January, February) the average price fell 88 % 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 $529,775.5 to $386,487.5, which means a 73 % fall.