The prices in real estate in Mckellar, in the Ontario 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 Mckellar has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,033. In the following month the price per sq.feet increased considerably to $200,748. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 $93,645.5 to $363 during February, and March.
Based upon to the price in Mckellar (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is $2,563,250. During November the price went through a considerable rise reaching $2,993,000. During the following two months (December, January) the average price had a considerable reduction of 78 % 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 $2,478,851.75 to $737,650, which means a 30 % fall.