The prices in real estate in Spicer, in the Minnesota region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Spicer has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $301. In the following month the price per sq.feet decreased to $282. The price for the following two months in (September, October) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $238.25 to $194 during November, and December.
Based upon to the price in Spicer (cities), this has fallen considerably in the last 6 months. The average price for July is $1,104,489. During August the price had a considerable reduction till $912,863. During the following two months (September, October) the average price had a considerable reduction of 46 % 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 $735,413 to $496,998.5, which means a 68 % fall.