The prices in real estate in Montmagny, in the Quebec 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 Montmagny has increased strongly during the last 6 months. In November, the average price per sq.feet was $967. In the following month the price per sq.feet increased considerably to $1,272. The price for the following two months in (January, February) had a considerable increment of 130 %. The price per sq.feet has decreased 92 % 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 $1,286.25 to $1,182.5 during March, and April.
Based upon to the price in Montmagny (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $339,772. In December This price remains at $329,425. During the following two months (January, February) the average price had a considerable reduction of 82 % 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 $305,068 to $238,728.5, which means a 78 % fall.