Property prices for sale in Silver Bay (Minnesota)
The prices in real estate in Silver Bay, 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 Silver Bay has increased strongly during the last 6 months. In October, the average price per sq.feet was $192. In the following month the price per sq.feet increased considerably to $428. In the following two months the price per sq.feet has barely changed, going from $310 to $322 per sq.feet. The price per sq.feet has had a considerable increase of 801 % 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 $316 to $2,530 during February, and March.
Based upon to the price in Silver Bay (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $365,025. In November This price remains at $357,365. In the following two months the average price has remained the same with regard to the previous two months from $361,195 to $358,854.5. During the last two months the average price has had a strong fall compared to the previous four going from $360,024.75 to $240,111.5, which means a 67 % fall.
