The prices in real estate in Wheatley, 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 Wheatley has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $4,302. In December this price pretty much remained the same at a value of $4,302 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 8 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 25 % 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 $2,314.5 to $589 during March, and April.
Based upon to the price in Wheatley (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $602,300. In December This price remains at $602,300. During the following two months (January, February) the average price had a considerable reduction of 51 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 137 % during the last two months.