The prices in real estate in Cobble Hill, 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 Cobble Hill has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $487. In December this price pretty much remained the same at a value of $467 per sq.feet. The price for the following two months in (January, February) decreased 87 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $446 to $370 during March, and April.
Based upon to the price in Cobble Hill (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $1,181,108. In December This price remains at $1,201,527. During the following two months (January, February) the average price fell 91 % 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 92 %, going from $1,138,827.25 to $1,046,214 in March and April.