The prices in real estate in Okoboji, in the Iowa 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 Okoboji has fallen in the last 6 months. In October, the average price per sq.feet was $343. In November this price pretty much remained the same at a value of $359 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $351 to $347 per sq.feet. The price per sq.feet has had a considerable deflation of 79 % 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 $349 to $276 during February, and March.
Based upon to the price in Okoboji (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $413,389. During November the price went through a considerable rise reaching $587,000. In the following two months the average price has remained the same with regard to the previous two months from $500,194.5 to $486,800. During the last two months the average price has had a strong fall compared to the previous four going from $493,497.25 to $378,903, which means a 77 % fall.