The prices in real estate in Mountain Lake, in the Minnesota region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Mountain Lake has fallen in the last 6 months. In October, the average price per sq.feet was $217. In the following month the price per sq.feet increased to $229. The price for the following two months in (December, January) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable increase of 133 % 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 $175 to $232 during February, and March.
Based upon to the price in Mountain Lake (cities), this has gone up considerably in the last 6 months. The price in October is $187,670, rising in November till $199,358. During the following two months (December, January) the price has had an average incrementation from $193,514 to $219,338.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.