The prices in real estate in Saint Michaels, in the Maryland 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 Saint Michaels has fallen in the last 6 months. In October, the average price per sq.feet was $530. In the following month the price per sq.feet decreased considerably to $398. In the following two months the price per sq.feet has barely changed, going from $464 to $448.5 per sq.feet. The price per sq.feet has increased 109 % 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 $456.25 to $499.5 during February, and March.
Based upon to the price in Saint Michaels (cities), this has gone up considerably in the last 6 months. The price in October is $1,036,045, rising in November till $1,134,883. During the following two months (December, January) the average price had a considerable increase of 122 % 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 gone up 108 % during the last two months.