The prices in real estate in Colwood, in the British Columbia 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 Colwood has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $532. In November this price pretty much remained the same at a value of $539 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 62 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 56 % 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 $432.75 to $243 during February, and March.
Based upon to the price in Colwood (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $1,094,408. In November This price remains at $1,078,749. During the following two months (December, January) the price has had an average incrementation from $1,086,578.5 to $1,247,792.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 20 % cheaper than the average price of $1,084,114 in Colwood. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 20 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 388 % more costly than the average price of ($1,430 / sq.feet) in Colwood. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 388 % more costly than the average value aforementioned.