The prices in real estate in Skandia, in the Michigan 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 Skandia has increased strongly during the last 6 months. In November, the average price per sq.feet was $785. In the following month the price per sq.feet decreased considerably to $179. The price for the following two months in (January, February) had a considerable decrease of 56 with regard to the prior two months. The price per sq.feet has had a considerable increase of 546 % 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 $375 to $2,046.5 during March, and April.
Based upon to the price in Skandia (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $426,213. During December the price went through a considerable rise reaching $531,346. During the following two months (January, February) the average price had a considerable reduction of 71 % 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 $408,812.25 to $282,487, which means a 69 % fall.