The prices in real estate in Terril, in the Iowa 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 Terril has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $108. In the following month the price per sq.feet decreased considerably to $87. The price for the following two months in (January, February) had a considerable decrease of 36 with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $66.25 to $61.5 during March, and April.
Based upon to the price in Terril (cities), this has fallen considerably in the last 6 months. The average price for November is $250,300. During December the price had a considerable reduction till $187,200. During the following two months (January, February) the average price had a considerable reduction of 18 % 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 $128,937.5 to $77,050, which means a 60 % fall.