The prices in real estate in Grande Cache, 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 Grande Cache has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $194. In December this price pretty much remained the same at a value of $194 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $194 to $196 per sq.feet. The price per sq.feet has had a considerable deflation of 46 % 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 $195 to $89.5 during March, and April.
Based upon to the price in Grande Cache (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $237,031. In December This price remains at $235,114. During the following two months (January, February) the average price had a considerable increase of 116 % 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 $255,259.5 to $151,483.5, which means a 59 % fall.