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 September, the average price per sq.feet was $704. In October 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 barely changed, going from $706.5 to $738.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $722.5 to $735 during January y February
Based upon to the price in Burnaby (cities), this has gone up in the last 6 months. The average price during our first sample month during September, is $1,079,442. During October the price went through a considerable rise reaching $1,255,929. In the following two months the average price has remained the same with regard to the previous two months from $1,167,685.5 to $1,139,506. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $1,153,595.75 to $1,068,157.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,161,483 they are 55 % more affordable than the average price for Burnaby. The properties with the highest average price have 4 bedrooms, Their price is 45 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,042,001.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $695 / sq.feet, with an average $725 / sq.feet price in Burnaby. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $751 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,161,483 it is 74 % cheaper than the average price in Burnaby. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $973,857 it is 16 % 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 $294 / sq.feet followed by "House" priced at $695 / sq.feet. "Apartment" is the most costly type of property with a $764 / sq.feet cost followed by "Condo" with an average price of $744 / sq.feet.