The prices in real estate in Sooke, in the British Columbia 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 Sooke has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $418. In October this price pretty much remained the same at a value of $400 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $409 to $393.5 per sq.feet. The price per sq.feet has had a considerable deflation of 20 % 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 $401.25 to $80.5 during January, and February.
Based upon to the price in Sooke (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $828,666. In October This price remains at $855,100. In the following two months the average price has remained the same with regard to the previous two months from $841,883 to $836,061.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 188 % during the last two months.