The prices in real estate in Olds, in the Iowa 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 Olds has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $208. In the following month the price per sq.feet decreased considerably to $114. The price for the following two months in (January, February) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has increased 105 % 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 $148 to $155.5 during March, and April.
Based upon to the price in Olds (cities), this has fallen considerably in the last 6 months. The average price for November is $280,000. During December the price had a considerable reduction till $152,450. During the following two months (January, February) the average price had a considerable reduction of 84 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.