Property prices for sale in Montpellier (Quebec)
The prices in real estate in Montpellier, in the Quebec 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 Montpellier has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $371. In the following month the price per sq.feet decreased to $345. The price for the following two months in (January, February) decreased 85 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 56 % 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 $331.25 to $186 during March, and April.
Based upon to the price in Montpellier (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $368,675. In December This price remains at $379,933. During the following two months (January, February) the average price fell 89 % 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 $354,316.5 to $251,200, which means a 71 % fall.
