The prices in real estate in Virden, in the Manitoba 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 Virden has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $176. In December this price pretty much remained the same at a value of $176 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable increase of 122 % 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 $121.25 to $148 during March, and April.
Based upon to the price in Virden (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $316,175. In December This price remains at $316,175. During the following two months (January, February) the average price had a considerable reduction of 30 % 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 94 %, going from $205,904.25 to $193,540 in March and April.