The prices in real estate in Princeville, in the Quebec 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 Princeville has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $820. In December this price pretty much remained the same at a value of $820 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 55 % 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 $614.5 to $335 during March, and April.
Based upon to the price in Princeville (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $581,480. In December This price remains at $581,480. During the following two months (January, February) the average price had a considerable reduction of 50 % 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 $435,585 to $324,521.5, which means a 75 % fall.