The prices in real estate in Brooks, in the Alberta region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Brooks has increased strongly during the last 6 months. In October, the average price per sq.feet was $198. In the following month the price per sq.feet decreased to $187. The price for the following two months in (December, January) had a considerable increment of 124 %. The price per sq.feet has had a considerable increase of 608 % 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 $215.25 to $1,308.5 during February, and March.
Based upon to the price in Brooks (cities), this has gone up considerably in the last 6 months. The average price for October is $240,733. During November the price had a slight fall till $228,080. During the following two months (December, January) the average price had a considerable increase of 124 % 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 266 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,046,909 they are 83 % more affordable than the average price for Brooks. The properties with the lowest average price have 4 bedrooms, Their price is 70 % cheaper than the average. After that we have properties with 3 bedrooms priced at $223,697.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $186 / sq.feet, with an average $2,359 / sq.feet price in Brooks. The properties with the lowest average prices have 4 bedrooms. They are 89 % cheaper than the average followed by properties with 1 bedroom with a price at $239 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,046,909 it is 84 % cheaper than the average price in Brooks. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Apartment". At a price of $292,876 it is 63 % 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 $182 / sq.feet followed by "Condo" priced at $4,065 / sq.feet. "Land" is the most costly type of property with a $158,001 / sq.feet cost followed by "Condo" with an average price of $4,065 / sq.feet.