The prices in real estate in Dartmouth, in the Nova Scotia 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 Dartmouth has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $2,020. In the following month the price per sq.feet decreased considerably to $172. The price for the following two months in (May, June) had a considerable decrease of 22 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 45 % 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 $670.25 to $300 during July, and August.
Based upon to the price in Dartmouth (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $397,956. During April the price went through a considerable rise reaching $496,200. During the following two months (May, June) the price has had an average incrementation from $447,078 to $506,640.5. 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 $476,859.25 and $490,705 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $499,918 they are 22 % more affordable than the average price for Dartmouth. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 1 bedroom priced at $452,262.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $232 / sq.feet, with an average $303 / sq.feet price in Dartmouth. The properties with the highest average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $334 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $499,918 it is 65 % cheaper than the average price in Dartmouth. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $256,686 it is 43 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $453 / sq.feet followed by "Condo" priced at $84,146 / sq.feet. "House" is the most costly type of property with a $90,424 / sq.feet cost followed by "Apartment" with an average price of $88,125 / sq.feet.