Property prices for sale in Charlottetown (Prince Edward Island)
The prices in real estate in Charlottetown, in the Prince Edward Island 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 Charlottetown has increased strongly during the last 6 months. In October, the average price per sq.feet was $22,515. In November this price pretty much remained the same at a value of $22,517 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 477 %. The price per sq.feet has had a considerable deflation of 0 % 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 $65,008.25 to $322.5 during February, and March.
Based upon to the price in Charlottetown (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $486,643. In November This price remains at $485,904. During the following two months (December, January) the average price had a considerable reduction of 73 % 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 gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $475,735 they are 25 % more affordable than the average price for Charlottetown. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 1 bedroom priced at $517,380.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $258 / sq.feet, with an average $310 / sq.feet price in Charlottetown. The properties with the highest average prices have 1 bedroom. They are 357 % more expensive than the average followed by properties with 2 bedrooms with a price at $380 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $475,735 it is 26 % cheaper than the average price in Charlottetown. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $350,454 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $301 / sq.feet followed by "Condo" priced at $351 / sq.feet. "Condo" is the most costly type of property with a $351 / sq.feet cost followed by "House" with an average price of $301 / sq.feet.
