The prices in real estate in Portugal Cove-st. Philip's, 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 Portugal Cove-st. Philip's has fallen in the last 6 months. In November, the average price per sq.feet was $187. In December this price pretty much remained the same at a value of $187 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has had a considerable increase of 144 % 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 $150.25 to $217 during March, and April.
Based upon to the price in Portugal Cove-st. Philip's (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $536,050. In December This price remains at $536,050. During the following two months (January, February) the average price had a considerable reduction of 40 % 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 125 % during the last two months.