The prices in real estate in Cranbrook, 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 Cranbrook has increased strongly during the last 6 months. In August, the average price per sq.feet was $297. In the following month the price per sq.feet increased considerably to $7,709. The price for the following two months in (October, November) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $3,307 to $324.5 during December, and January.
Based upon to the price in Cranbrook (cities), this has gone up in the last 6 months. The price in August is $527,073, rising in September till $605,629. During the following two months (October, November) the price has had an average incrementation from $566,351 to $612,577.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $589,464.25 and $560,951 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $536,022 they are 73 % more affordable than the average price for Cranbrook. The properties with the highest average price have 2 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 4 bedrooms priced at $807,792.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $225 / sq.feet, with an average $318 / sq.feet price in Cranbrook. The properties with the highest average prices have 2 bedrooms. They are 69 % more expensive than the average followed by properties with 4 bedrooms with a price at $355 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $536,022 it is 74 % cheaper than the average price in Cranbrook. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "". At a price of $138,931 it is 31 % more affordable than the average price.
According to the average area price by sq.feet the most costly property type is "House with an average price of $35,619 / sq.feet. "House" at an average price of $35,619 / sq.feet has the most expensive price and would be directed at more affluent cities.