The prices in real estate in Tobermory, 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 Tobermory has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $82,269. In the following month the price per sq.feet decreased considerably to $61,830. The price for the following two months in (January, February) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 $36,155.75 to during March, and April.
Based upon to the price in Tobermory (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $399,633. During December the price went through a considerable rise reaching $549,700. In the following two months the average price has remained the same with regard to the previous two months from $474,666.5 to $484,966.5. During the last two months the average price has had a strong fall compared to the previous four going from $479,816.5 to , which means a 0 % fall.