Property prices for sale in Burnaby (British Columbia)
The prices in real estate in Burnaby, in the British Columbia 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 Burnaby has remained the same in the last 6 months. In October, the average price per sq.feet was $887. In the following month the price per sq.feet increased to $959. In the following two months the price per sq.feet has barely changed, going from $923 to $949 per sq.feet. 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 $936 to $846.5 during February, and March.
Based upon to the price in Burnaby (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $768,600. During November the price went through a considerable rise reaching $911,306. During the following two months (December, January) the average price had a considerable increase of 122 % 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 220 % 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 $3,015,089 they are 78 % more affordable than the average price for Burnaby. The properties with the lowest average price have 4 bedrooms, Their price is 25 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,413,683.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $935 / sq.feet, with an average $787 / sq.feet price in Burnaby. The properties with the highest average prices have 1 bedroom. They are 45 % more expensive than the average followed by properties with 2 bedrooms with a price at $993 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $3,015,089 it is 96 % cheaper than the average price in Burnaby. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $960,807 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $112 / sq.feet followed by "Townhouse" priced at $635 / sq.feet. "Condo" is the most costly type of property with a $1,036 / sq.feet cost followed by "House" with an average price of $764 / sq.feet.
