The prices in real estate in 70 Mile House, in the British Columbia 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 70 Mile House has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $3,616. In November this price pretty much remained the same at a value of $3,616 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $3,616 to $3,616 per sq.feet. The price per sq.feet has had a considerable deflation of 50 % 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 $3,616 to $1,808 during February, and March.
Based upon to the price in 70 Mile House (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $1,110,000. In November This price remains at $1,110,000. In the following two months the average price has remained the same with regard to the previous two months from $1,110,000 to $1,110,000. During the last two months the average price has had a strong fall compared to the previous four going from $1,110,000 to $555,000, which means a 50 % fall.