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 December, the average price per sq.feet was $331. In January this price pretty much remained the same at a value of $318 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 257 %. The price per sq.feet has had a considerable deflation of 49 % 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 $579 to $282.5 during April, and May.
Based upon to the price in Cranbrook (cities), this has fallen considerably in the last 6 months. The average price for December is $585,880. During January the price had a slight fall till $536,022. During the following two months (February, March) the average price had a considerable reduction of 82 % with regard to the previous two months. 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 $511,152 and $502,303.5 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $514,794 they are 72 % more affordable than the average price for Cranbrook. The properties with the highest average price have 2 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 4 bedrooms priced at $804,564.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $221 / sq.feet, with an average $261 / sq.feet price in Cranbrook. The properties with the highest average prices have 2 bedrooms. They are 104 % more expensive than the average followed by properties with 4 bedrooms with a price at $351 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $514,794 it is 73 % 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 $138,375 it is 29 % 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 $35,475 / sq.feet. "House" at an average price of $35,475 / sq.feet has the most expensive price and would be directed at more affluent cities.