The prices in real estate in Calgary, in the Alberta 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 Calgary has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $12,027. In the following month the price per sq.feet increased considerably to $25,170. The price for the following two months in (December, January) had a considerable decrease of 25 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 4 % 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 $11,662.75 to $430.5 during February, and March.
Based upon to the price in Calgary (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is $472,013. During November the price went through a considerable rise reaching $547,147. During the following two months (December, January) the average price had a considerable increase of 117 % 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 $552,236.75 to $253,512, which means a 46 % fall.