The prices in real estate in Calgary, in the Alberta region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Calgary has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $16,199. In the following month the price per sq.feet decreased considerably to $4,085. The price for the following two months in (March, April) had a considerable decrease of 13 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 67 % 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 $5,739.75 to $3,868 during May, and June.
Based upon to the price in Calgary (cities), this has fallen considerably in the last 6 months. In our first sample month during January, the average price is $575,458. In February This price remains at $558,044. During the following two months (March, April) the average price had a considerable reduction of 48 % 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 122 % 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 $507,811 they are 41 % more affordable than the average price for Calgary. The properties with the highest average price have 4 bedrooms, Their price is 35 % more costly than the average. After that we have properties with 3 bedrooms priced at $464,727.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $693 / sq.feet, with an average $6,419 / sq.feet price in Calgary. The properties with the lowest average prices have 4 bedrooms. They are 78 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,123 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $507,811 it is 45 % cheaper than the average price in Calgary. "Condo" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Land". At a price of $1,359,947 it is 283 % 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 $200 / sq.feet followed by "Land" priced at $246 / sq.feet. "Condo" is the most costly type of property with a $131,126 / sq.feet cost followed by "Apartment" with an average price of $80,074 / sq.feet.