The prices in real estate in Trochu, in the Alberta 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 Trochu has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $214. In the following month the price per sq.feet decreased to $198. The price for the following two months in (January, February) had a considerable decrease of 40 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $144.5 to $117.5 during March, and April.
Based upon to the price in Trochu (cities), this has fallen considerably in the last 6 months. The average price for November is $284,767. During December the price had a slight fall till $269,071. During the following two months (January, February) the average price had a considerable reduction of 55 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $214,192.75 to $193,966.5 in March and April.