Property prices for sale in Red Lake Falls (Minnesota)
The prices in real estate in Red Lake Falls, in the Minnesota region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Red Lake Falls has increased strongly during the last 6 months. In November, the average price per sq.feet was $3,278. In the following month the price per sq.feet increased considerably to $18,707. The price for the following two months in (January, February) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 5 % 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 $8,972.75 to $427.5 during March, and April.
Based upon to the price in Red Lake Falls (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $147,875. During December the price went through a considerable rise reaching $223,071. During the following two months (January, February) the average price had a considerable increase of 119 % 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 $203,356 to $170,077.5, which means a 84 % fall.
