The prices in real estate in Merritt, in the British Columbia 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 Merritt has increased strongly during the last 6 months. In October, the average price per sq.feet was $306. In November this price pretty much remained the same at a value of $314 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 165 %. The price per sq.feet has had a considerable deflation of 71 % 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 $411.5 to $292 during February, and March.
Based upon to the price in Merritt (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $510,461. In November This price remains at $501,910. During the following two months (December, January) the average price had a considerable increase of 129 % 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 $578,724.25 and $596,736 between February and March.