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 December, the average price per sq.feet was $122,699. In the following month the price per sq.feet decreased considerably to $93,967. The price for the following two months in (February, March) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable increase of 163 % 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 $75,402.5 to $123,218.5 during April, and May.
Based upon to the price in Halifax (cities), this has fallen considerably in the last 6 months. The average price for December is $244,778. During January the price had a considerable reduction till $194,559. During the following two months (February, March) the average price had a considerable reduction of 45 % 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 150 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $227,899 they are 15 % more affordable than the average price for Halifax. The properties with the lowest average price have 3 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 1 bedroom priced at $210,398.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $93,685 / sq.feet, with an average $110,121 / sq.feet price in Halifax. The properties with the highest average prices have 3 bedrooms. They are 7 % more expensive than the average followed by properties with 1 bedroom with a price at $116,633 / 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 $193,974, they are 15 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 15 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $93,685 / sq.feet. "House" with an average cost of $93,685 / sq.feet has the lowest price and would be directed at less affluent cities.