The prices in real estate in Quebec City, in the Quebec region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Quebec City has increased strongly during the last 6 months. In October, the average price per sq.feet was $41,622. In the following month the price per sq.feet increased considerably to $65,690. The price for the following two months in (December, January) had a considerable increment of 122 %. The price per sq.feet has had a considerable deflation of 56 % 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 $59,518.5 to $33,579.5 during February, and March.
Based upon to the price in Quebec City (cities), this has fallen considerably in the last 6 months. The average price for October is $210,705. During November the price had a slight fall till $199,069. During the following two months (December, January) the price has had an average incrementation from $204,887 to $217,485. During the last two months the average price has had a strong fall compared to the previous four going from $211,186 to $108,347, which means a 51 % fall.