The prices in real estate in Castlegar, in the British Columbia 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 Castlegar has increased strongly during the last 6 months. In September, the average price per sq.feet was $337. In the following month the price per sq.feet increased considerably to $411. The price for the following two months in (November, December) had a considerable increment of 118 %. The price per sq.feet has had a considerable deflation of 79 % 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 $407.75 to $324 during January, and February.
Based upon to the price in Castlegar (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $546,740. During October the price went through a considerable rise reaching $950,825. During the following two months (November, December) the average price had a considerable increase of 143 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $908,078.5 to $662,030, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $736,247 they are 61 % more affordable than the average price for Castlegar. The properties with the lowest average price have 4 bedrooms, Their price is 43 % cheaper than the average. After that we have properties with 3 bedrooms priced at $347,882.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $112 / sq.feet, with an average $329 / sq.feet price in Castlegar. The properties with the lowest average prices have 1 bedroom. They are 43 % cheaper than the average followed by properties with 2 bedrooms with a price at $160 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $736,247 it is 83 % cheaper than the average price in Castlegar. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "". At a price of $121,611 it is 49 % more affordable than the average price.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $168 / sq.feet. "House" with an average cost of $168 / sq.feet has the lowest price and would be directed at less affluent cities.