The prices in real estate in Elmira, 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 Elmira has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $659. In November this price pretty much remained the same at a value of $659 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 77 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $582.25 to $472 during February, and March.
Based upon to the price in Elmira (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $772,177. In November This price remains at $772,177. During the following two months (December, January) the average price had a considerable increase of 131 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $893,663.5 and $919,775 between February and March.