The prices in real estate in Fairview, in the Alberta 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 Fairview has increased strongly during the last 6 months. In October, the average price per sq.feet was $170. In November this price pretty much remained the same at a value of $170 per sq.feet. In the following two months the price per sq.feet has increased 114 %, going from $170 to $194 per sq.feet. The price per sq.feet has had a considerable increase of 120 % 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 $182 to $218 during February, and March.
Based upon to the price in Fairview (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $205,819. In November This price remains at $205,819. During the following two months (December, January) the average price had a considerable increase of 117 % 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 3 bedrooms are the cheapest ones. At a price of $254,510 they are 3 % more affordable than the average price for Fairview. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 23 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $209 / sq.feet, with an average $219 / sq.feet price in Fairview. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 19 % more costly than the average value aforementioned.