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 January, the average price per sq.feet was $78,548. In the following month the price per sq.feet increased to $83,331. The price for the following two months in (March, April) had a considerable decrease of 12 with regard to the prior two months. The price per sq.feet has decreased 91 % 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 $45,158.75 to $41,050 during May, and June.
Based upon to the price in Edmonton (cities), this has fallen considerably in the last 6 months. The price in January is $376,345, rising in February till $405,373. During the following two months (March, April) the average price had a considerable reduction of 51 % 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 risen strongly 116 % 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 $351,905 they are 42 % more affordable than the average price for Edmonton. The properties with the highest average price have 4 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at $401,577.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $1,353 / sq.feet, with an average $50,171 / sq.feet price in Edmonton. The properties with the lowest average prices have 1 bedroom. They are 92 % cheaper than the average followed by properties with 2 bedrooms with a price at $2,813 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $351,905 it is 32 % cheaper than the average price in Edmonton. "Condo" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Land". At a price of $405,961 it is 173 % 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 $153 / sq.feet followed by "Land" priced at $558 / sq.feet. "House" is the most costly type of property with a $203,122 / sq.feet cost followed by "Condo" with an average price of $116,893 / sq.feet.