The prices in real estate in Perth, 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 Perth has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,406. In the following month the price per sq.feet increased to $2,572. The price for the following two months in (December, January) had a considerable decrease of 19 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 39 % 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 $1,476.75 to $576 during February, and March.
Based upon to the price in Perth (cities), this has fallen considerably in the last 6 months. The price in October is $776,529, rising in November till $868,686. During the following two months (December, January) the average price had a considerable reduction of 66 % 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 $684,650.25 to $526,231, which means a 77 % fall.