The prices in real estate in Smoky Lake, in the Alberta region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Smoky Lake has remained the same in the last 6 months. In October, the average price per sq.feet was $194. In November this price pretty much remained the same at a value of $194 per sq.feet. The price for the following two months in (December, January) decreased 95 % with regard to the prior two months. The price per sq.feet has increased 115 % 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 $188.75 to $217 during February, and March.
Based upon to the price in Smoky Lake (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $198,650. In November This price remains at $198,650. During the following two months (December, January) the average price had a considerable increase of 145 % 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 154 % during the last two months.