The prices in real estate in Brigus, in the Newfoundland And Labrador 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 Brigus has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $136. In November this price pretty much remained the same at a value of $136 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable increase of 136 % 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 $102 to $138.5 during February, and March.
Based upon to the price in Brigus (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $424,967. In November This price remains at $424,967. During the following two months (December, January) the average price had a considerable reduction of 50 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $318,725.25 to $302,450 in February and March.