The prices in real estate in Edmonton, in the Alberta 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 Edmonton has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $93,092. In the following month the price per sq.feet decreased considerably to $64,454. The price for the following two months in (November, December) decreased 95 % with regard to the prior two months. The price per sq.feet has increased 106 % 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 $76,709 to $80,939.5 during January, and February.
Based upon to the price in Edmonton (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $381,311. In October This price remains at $387,477. During the following two months (November, December) the average price fell 93 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $405,373 they are 58 % more affordable than the average price for Edmonton. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $377,716.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $2,639 / sq.feet, with an average $83,331 / sq.feet price in Edmonton. The properties with the lowest average prices have 4 bedrooms. They are 96 % cheaper than the average followed by properties with 2 bedrooms with a price at $2,750 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $405,373 it is 44 % cheaper than the average price in Edmonton. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $375,968 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $2,556 / sq.feet followed by "Land" priced at $78,469 / sq.feet. "House" is the most costly type of property with a $123,960 / sq.feet cost followed by "Condo" with an average price of $101,378 / sq.feet.