The prices in real estate in Woolwich, 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 Woolwich has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $375. In October this price pretty much remained the same at a value of $390 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $382.5 to $398.5 per sq.feet. 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 $390.5 to during January, and February.
Based upon to the price in Woolwich (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $609,729. In October This price remains at $629,084. In the following two months the average price has remained the same with regard to the previous two months from $619,406.5 to $617,063.5. During the last two months the average price has had a strong fall compared to the previous four going from $618,235 to , which means a 0 % fall.