The prices in real estate in Richville, 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 Richville has increased strongly during the last 6 months. In November, the average price per sq.feet was $4,958. In the following month the price per sq.feet increased considerably to $8,777. The price for the following two months in (January, February) decreased 88 % with regard to the prior two months. The price per sq.feet has increased 115 % 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 $6,461.75 to $7,423.5 during March, and April.
Based upon to the price in Richville (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $777,511. During December the price went through a considerable rise reaching $1,177,780. During the following two months (January, February) the average price had a considerable reduction of 66 % 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 167 % during the last two months.