The prices in real estate in Coquitlam, 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 Coquitlam has increased strongly during the last 6 months. In January, the average price per sq.feet was $514. In the following month the price per sq.feet increased to $562. In the following two months the price per sq.feet has increased 108 %, going from $538 to $583.5 per sq.feet. The price per sq.feet has increased 110 % 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 $560.75 to $619 during May, and June.
Based upon to the price in Coquitlam (cities), this has gone downing the last 6 months. In our first sample month during January, the average price is $1,101,764. In February This price remains at $1,137,938. During the following two months (March, April) the average price fell 87 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $1,044,717 to $927,573 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $982,454 they are 51 % more affordable than the average price for Coquitlam. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,035,249.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $498 / sq.feet, with an average $614 / sq.feet price in Coquitlam. The properties with the highest average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 2 bedrooms with a price at $717 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $982,454 it is 73 % cheaper than the average price in Coquitlam. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $1,141,079 it is 113 % 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 $235 / sq.feet followed by "House" priced at $529 / sq.feet. "Land" is the most costly type of property with a $111,215 / sq.feet cost followed by "Apartment" with an average price of $656 / sq.feet.