The prices in real estate in St. Catharines, 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 St. Catharines has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $360. In the following month the price per sq.feet decreased to $339. In the following two months the price per sq.feet has barely changed, going from $349.5 to $366 per sq.feet. 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 $357.75 to $178 during February, and March.
Based upon to the price in St. Catharines (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $500,046. In November This price remains at $484,589. During the following two months (December, January) the price has had an average incrementation from $492,317.5 to $522,108.5. During the last two months the average price has had a strong fall compared to the previous four going from $507,213 to $233,887, which means a 46 % fall.