The prices in real estate in Portland, in the Victoria 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 m² in Portland has had a strong decrease during the last 6 months. In December, the average price per m² was $2,376. In the following month the price per m² decreased to $2,197. The price for the following two months in (February, March) decreased 86 % with regard to the prior two months. The price per m² has had a considerable deflation of 27 % 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 m² of $2,129.25 to $577.5 during April, and May.
Based upon to the price in Portland (suburbs), this has gone up considerably in the last 6 months. In our first sample month during December, the average price is $180,648. In January This price remains at $178,246. During the following two months (February, March) the average price had a considerable increase of 120 % 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 119 % during the last two months.