The prices in real estate in Airdrie, in the Alberta 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 Airdrie has fallen in the last 6 months. In March, the average price per sq.feet was $270. In the following month the price per sq.feet decreased to $249. The price for the following two months in (May, June) decreased 92 % with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $249.25 to $225.5 during July, and August.
Based upon to the price in Airdrie (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $402,522. In April This price remains at $410,870. In the following two months the average price has remained the same with regard to the previous two months from $406,696 to $395,764.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $401,230.25 and $408,551 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $422,046 they are 42 % more affordable than the average price for Airdrie. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $403,377.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $191 / sq.feet, with an average $258 / sq.feet price in Airdrie. The properties with the lowest average prices have 2 bedrooms. They are 15 % cheaper than the average followed by properties with 1 bedroom with a price at $204 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $422,046 it is 59 % cheaper than the average price in Airdrie. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $237,639 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $228 / sq.feet followed by "House" priced at $334 / sq.feet. "Condo" is the most costly type of property with a $5,897 / sq.feet cost followed by "House" with an average price of $334 / sq.feet.