Property prices for sale in Cochrane (Alberta)
The prices in real estate in Cochrane, in the Alberta 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 Cochrane has increased strongly during the last 6 months. In October, the average price per sq.feet was $312. In November this price pretty much remained the same at a value of $315 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 119 %. The price per sq.feet has had a considerable increase of 117 % 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 $343.25 to $400.5 during February, and March.
Based upon to the price in Cochrane (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $501,356. In November This price remains at $500,908. During the following two months (December, January) the average price had a considerable increase of 133 % 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 125 % 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 $681,708 they are 54 % more affordable than the average price for Cochrane. The properties with the lowest average price have 4 bedrooms, Their price is 24 % cheaper than the average. After that we have properties with 3 bedrooms priced at $411,901.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $96 / sq.feet, with an average $381 / sq.feet price in Cochrane. The properties with the lowest average prices have 1 bedroom. They are 37 % cheaper than the average followed by properties with 2 bedrooms with a price at $189 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $681,708 it is 66 % cheaper than the average price in Cochrane. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $259,669 it is 30 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $208 / sq.feet followed by "Condo" priced at $689 / sq.feet. "Apartment" is the most costly type of property with a $13,659 / sq.feet cost followed by "Condo" with an average price of $689 / sq.feet.
