The prices in real estate in Shannon, in the Quebec 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 Shannon has fallen in the last 6 months. In November, the average price per sq.feet was $297. In December this price pretty much remained the same at a value of $297 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 120 %. The price per sq.feet has had a considerable deflation of 46 % 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 $327 to $151.5 during March, and April.
Based upon to the price in Shannon (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $351,000. In December This price remains at $351,000. During the following two months (January, February) the price has had an average incrementation from $351,000 to $376,916.5. During the last two months the average price has had a strong fall compared to the previous four going from $363,958.25 to $196,375, which means a 54 % fall.