Property prices for sale in Banff (Alberta)
The prices in real estate in Banff, in the Alberta region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Banff has remained the same in the last 6 months. In October, the average price per sq.feet was $728. In November this price pretty much remained the same at a value of $709 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from $718.5 to $757.5 per sq.feet. The price per sq.feet has increased 106 % 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 $738 to $782 during February, and March.
Based upon to the price in Banff (cities), this has gone up in the last 6 months. The average price for October is $1,497,274. During November the price had a slight fall till $1,355,224. During the following two months (December, January) the price has had an average incrementation from $1,426,249 to $1,533,405.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,772,748 they are 70 % more affordable than the average price for Banff. The properties with the lowest average price have 4 bedrooms, Their price is 23 % cheaper than the average. After that we have properties with 1 bedroom priced at $733,618.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $452 / sq.feet, with an average $736 / sq.feet price in Banff. The properties with the highest average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 4 bedrooms with a price at $627 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,772,748 it is 90 % cheaper than the average price in Banff. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Apartment". At a price of $591,431 it is 28 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial" at an average cost of $977 / sq.feet followed by "House" priced at $104,981 / sq.feet. "Apartment" is the most costly type of property with a $312,061 / sq.feet cost followed by "House" with an average price of $104,981 / sq.feet.
