The prices in real estate in Kamloops, in the British Columbia region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Kamloops has increased during the last 6 months. In April, the average price per sq.feet was $230. In the following month the price per sq.feet increased considerably to $265. In the following two months the price per sq.feet has barely changed, going from $247.5 to $255 per sq.feet. The price per sq.feet has increased 106 % 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 $251.25 to $266 during August, and September.
Based upon to the price in Kamloops (cities), these have remained the same in the last 6 months. The average price for April is $501,159. During May the price had a slight fall till $455,391. In the following two months the average price has remained the same with regard to the previous two months from $478,275 to $493,427. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $538,251 they are 47 % more affordable than the average price for Kamloops. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $457,525.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $240 / sq.feet, with an average $272 / sq.feet price in Kamloops. The properties with the highest average prices have 1 bedroom. They are 43 % more expensive than the average followed by properties with 2 bedrooms with a price at $293 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $538,251 it is 46 % cheaper than the average price in Kamloops. "Condo" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of $518,026 it is 75 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $243 / sq.feet followed by "House" priced at $261 / sq.feet. "Land" is the most costly type of property with a $48,540 / sq.feet cost followed by "Office" with an average price of $39,405 / sq.feet.