The prices in real estate in Wood Lake, 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 Wood Lake has increased strongly during the last 6 months. In October, the average price per sq.feet was $92. In the following month the price per sq.feet decreased considerably to $76. The price for the following two months in (December, January) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable increase of 22587 % 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 $58 to $13,100.5 during February, and March.
Based upon to the price in Wood Lake (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $178,817. In November This price remains at $183,300. During the following two months (December, January) the average price had a considerable reduction of 47 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 163 % during the last two months.