The prices in real estate in Mount Pearl, in the Newfoundland And Labrador region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Mount Pearl has fallen in the last 6 months. In October, the average price per sq.feet was $138. In November this price pretty much remained the same at a value of $138 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable increase of 168 % 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 $103.5 to $174 during February, and March.
Based upon to the price in Mount Pearl (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $335,775. In November This price remains at $335,775. During the following two months (December, January) the average price had a considerable reduction of 50 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 145 % during the last two months.