The prices in real estate in Halifax, in the Nova Scotia 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 Halifax has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $126,427. In the following month the price per sq.feet decreased to $117,642. In the following two months the price per sq.feet has barely changed, going from $122,034.5 to $119,724.5 per sq.feet. The price per sq.feet has had a considerable deflation of 74 % 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 $120,879.5 to $89,455.5 during January, and February.
Based upon to the price in Halifax (cities), this has gone downing the last 6 months. The average price for September is $233,260. During October the price had a slight fall till $198,688. During the following two months (November, December) the price has had an average incrementation from $215,974 to $227,693.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $221,833.75 to $195,140 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $195,721 they are 1 % more affordable than the average price for Halifax. The properties with the highest average price have 1 bedroom, Their price is 108 % more costly than the average. After that we have properties with 2 bedrooms priced at $216,906.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $3,032 / sq.feet, with an average $84,944 / sq.feet price in Halifax. The properties with the highest average prices have 2 bedrooms. They are 40 % more expensive than the average followed by properties with 4 bedrooms with a price at $93,873 / sq.feet.
With regard to the average price based upon the property in Halifax we can see that the cheapest property type is "House" at a price of $194,364, they are 1 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 1 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $93,873 / sq.feet. "House" at an average price of $93,873 / sq.feet has the most expensive price and would be directed at more affluent cities.