The prices in real estate in Elk Point, in the Alberta region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Elk Point has increased strongly during the last 6 months. In November, the average price per sq.feet was $139. In the following month the price per sq.feet increased to $149. In the following two months the price per sq.feet has barely changed, going from $144 to $141 per sq.feet. The price per sq.feet has had a considerable increase of 178 % 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 $142.5 to $253 during March, and April.
Based upon to the price in Elk Point (cities), this has gone up considerably in the last 6 months. The price in November is $150,475, rising in December till $164,700. In the following two months the average price has remained the same with regard to the previous two months from $157,587.5 to $152,000. Based on an analysis of the first four prices and the last two months the average price has risen strongly 194 % during the last two months.