The prices in real estate in Montague, in the Prince Edward Island region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Montague has fallen in the last 6 months. In September, the average price per sq.feet was $272. In the following month the price per sq.feet increased to $300. In the following two months the price per sq.feet has barely changed, going from $286 to $300 per sq.feet. The price per sq.feet has had a considerable deflation of 58 % 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 $293 to $170.5 during January, and February.
Based upon to the price in Montague (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $365,843. During October the price went through a considerable rise reaching $560,871. During the following two months (November, December) the average price had a considerable increase of 121 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $512,114 to $226,612.5, which means a 44 % fall.