The prices in real estate in Mount Pearl, in the Newfoundland And Labrador 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 Mount Pearl has increased strongly during the last 6 months. In January, the average price per sq.feet was $131. In the following month the price per sq.feet increased considerably to $165. The price for the following two months in (March, April) had a considerable increment of 117 %. The price per sq.feet has decreased 95 % 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 $160.75 to $152 during May, and June.
Based upon to the price in Mount Pearl (cities), this has gone up in the last 6 months. The price in January is $254,956, rising in February till $273,878. During the following two months (March, April) the price has had an average incrementation from $264,417 to $282,064.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.