The prices in real estate in Tripp, in the South Dakota 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 Tripp has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $648. In the following month the price per sq.feet decreased considerably to $158. The price for the following two months in (December, January) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 25 % 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 $285.75 to $71.5 during February, and March.
Based upon to the price in Tripp (cities), this has gone downing the last 6 months. The price in October is $202,446, rising in November till $223,300. During the following two months (December, January) the price has had an average incrementation from $212,873 to $237,645.5. During the last two months the average price has had a strong fall compared to the previous four going from $225,259.25 to $83,333, which means a 37 % fall.