The prices in real estate in Kentville, in the Nova Scotia 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 Kentville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $249. In November this price pretty much remained the same at a value of $238 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $243.5 to $274 per sq.feet. The price per sq.feet has had a considerable deflation of 53 % 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 $258.75 to $136 during February, and March.
Based upon to the price in Kentville (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $381,580. In November This price remains at $362,878. In the following two months the average price has remained the same with regard to the previous two months from $372,229 to $360,322. During the last two months the average price has had a strong fall compared to the previous four going from $366,275.5 to $251,970, which means a 69 % fall.