The prices in real estate in North Rustico, in the Prince Edward Island 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 North Rustico has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $41,079. In December this price pretty much remained the same at a value of $41,079 per sq.feet. 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 1 % 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 $20,539.5 to $249 during March, and April.
Based upon to the price in North Rustico (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $447,407. In December This price remains at $447,407. During the following two months (January, February) the average price had a considerable reduction of 0 % 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 277 % during the last two months.