The prices in real estate in Fredericton, in the New Brunswick 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 Fredericton has increased strongly during the last 6 months. In April, the average price per sq.feet was $175. In May this price pretty much remained the same at a value of $172 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $173.5 to $193 per sq.feet. The price per sq.feet has had a considerable increase of 237 % 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 $183.25 to $433.5 during August, and September.
Based upon to the price in Fredericton (cities), these have remained the same in the last 6 months. The average price for April is $258,593. During May the price had a slight fall till $240,680. During the following two months (June, July) the price has had an average incrementation from $249,636.5 to $269,281. 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 $259,458.75 and $270,051.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $272,541 they are 36 % more affordable than the average price for Fredericton. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 1 bedroom priced at $258,157.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $165 / sq.feet, with an average $665 / sq.feet price in Fredericton. The properties with the lowest average prices have 1 bedroom. They are 64 % cheaper than the average followed by properties with 4 bedrooms with a price at $196 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $272,541 it is 48 % cheaper than the average price in Fredericton. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $244,958 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $180 / sq.feet followed by "Apartment" priced at $215 / sq.feet. "Condo" is the most costly type of property with a $49,809 / sq.feet cost followed by "Land" with an average price of $25,740 / sq.feet.