The prices in real estate in Estevan, in the Saskatchewan 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 Estevan has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $220. In the following month the price per sq.feet decreased to $191. In the following two months the price per sq.feet has barely changed, going from $205.5 to $198 per sq.feet. The price per sq.feet has had a considerable deflation of 42 % 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 $201.75 to $85.5 during January, and February.
Based upon to the price in Estevan (cities), this has gone downing the last 6 months. The price in September is $216,396, rising in October till $231,264. During the following two months (November, December) the price has had an average incrementation from $223,830 to $246,671. During the last two months the average price has had a strong fall compared to the previous four going from $235,250.5 to $129,480, which means a 55 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $258,960 they are 53 % more affordable than the average price for Estevan. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $162,793.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $128 / sq.feet, with an average $171 / sq.feet price in Estevan. The properties with the highest average prices have 4 bedrooms. They are 60 % more expensive than the average followed by properties with 1 bedroom with a price at $154 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $258,960 it is 50 % cheaper than the average price in Estevan. "Land" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Condo". At a price of $130,279 it is 326 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $388 / sq.feet followed by "Land" priced at $82,031 / sq.feet. "Land" is the most costly type of property with a $82,031 / sq.feet cost followed by "Condo" with an average price of $388 / sq.feet.