The prices in real estate in Kelowna, in the British Columbia 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 Kelowna has increased strongly during the last 6 months. In September, the average price per sq.feet was $636. In the following month the price per sq.feet increased considerably to $4,004. The price for the following two months in (November, December) had a considerable increment of 661 %. The price per sq.feet has had a considerable deflation of 4 % 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 $8,828 to $371 during January, and February.
Based upon to the price in Kelowna (cities), this has gone downing the last 6 months. The average price for September is $1,280,889. During October the price had a considerable reduction till $1,040,044. During the following two months (November, December) the average price had a considerable reduction of 79 % 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 1 bedroom are the cheapest ones. At a price of $1,630,216 they are 71 % more affordable than the average price for Kelowna. The properties with the lowest average price have 4 bedrooms, Their price is 11 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,066,359.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $478 / sq.feet, with an average $333 / sq.feet price in Kelowna. The properties with the highest average prices have 1 bedroom. They are 121 % more expensive than the average followed by properties with 2 bedrooms with a price at $540 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,630,216 it is 64 % cheaper than the average price in Kelowna. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Office". At a price of $2,749,480 it is 188 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $361 / sq.feet followed by "Townhouse" priced at $486 / sq.feet. "Office" is the most costly type of property with a $52,663 / sq.feet cost followed by "Land" with an average price of $36,175 / sq.feet.