The prices in real estate in Mount Albert, in the Ontario 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 Mount Albert has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $4,437. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (January, February) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 63 % 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 $1,109.25 to $694 during March, and April.
Based upon to the price in Mount Albert (cities), this has fallen considerably in the last 6 months. The average price for November is $4,783,000. During December the price had a considerable reduction till . During the following two months (January, February) the average price had a considerable reduction of 0 % 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 $1,195,750 to $902,967, which means a 76 % fall.