The prices in real estate in Burnaby, in the British Columbia region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Burnaby has increased during the last 6 months. In June, the average price per sq.feet was $670. In the following month the price per sq.feet increased to $706. In the following two months the price per sq.feet has barely changed, going from $688 to $699.5 per sq.feet. The price per sq.feet has increased 107 % 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 $693.75 to $739.5 during October, and November.
Based upon to the price in Burnaby (cities), this has gone downing the last 6 months. In our first sample month during June, the average price is $986,879. In July This price remains at $1,016,854. During the following two months (August, September) the average price fell 86 % with regard to the previous two months. 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 $933,486.5 and $954,919.5 between October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $986,649 they are 49 % more affordable than the average price for Burnaby. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,109,585.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $677 / sq.feet, with an average $755 / sq.feet price in Burnaby. The properties with the highest average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 3 bedrooms with a price at $772 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $986,649 it is 52 % 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 $769,376 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $592 / sq.feet followed by "House" priced at $732 / sq.feet. "Condo" is the most costly type of property with a $248,792 / sq.feet cost followed by "Office" with an average price of $127,874 / sq.feet.