The prices in real estate in Deep River, in the Ontario 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 Deep River has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $435. In November this price pretty much remained the same at a value of $435 per sq.feet. The price for the following two months in (December, January) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 70 % 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 $411 to $286 during February, and March.
Based upon to the price in Deep River (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $587,425. In November This price remains at $587,425. 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 reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $636,470.75 to $555,476.5 in February and March.