The prices in real estate in Shelburne, 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 Shelburne has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $575. In November this price pretty much remained the same at a value of $575 per sq.feet. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 50 % 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 $548.25 to $273 during February, and March.
Based upon to the price in Shelburne (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $764,562. In November This price remains at $752,854. In the following two months the average price has remained the same with regard to the previous two months from $758,708 to $780,407. During the last two months the average price has had a strong fall compared to the previous four going from $769,557.5 to $411,880, which means a 54 % fall.