Property prices for sale in Kitimat (British Columbia)
The prices in real estate in Kitimat, 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 Kitimat has increased strongly during the last 6 months. In October, the average price per sq.feet was $177. In the following month the price per sq.feet increased considerably to $217. In the following two months the price per sq.feet has increased 109 %, going from $197 to $215 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 $206 to $218.5 during February, and March.
Based upon to the price in Kitimat (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $290,417. During November the price went through a considerable rise reaching $492,612. During the following two months (December, January) the price has had an average incrementation from $391,514.5 to $423,249. 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 $407,381.75 and $392,047.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $392,701 they are 36 % more affordable than the average price for Kitimat. 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 3 bedrooms priced at $311,878.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $104 / sq.feet, with an average $220 / sq.feet price in Kitimat. The properties with the highest average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 4 bedrooms with a price at $181 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $392,701 it is 53 % cheaper than the average price in Kitimat. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $265,581 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $135 / sq.feet followed by "House" priced at $408 / sq.feet. "Land" is the most costly type of property with a $117,625 / sq.feet cost followed by "House" with an average price of $408 / sq.feet.
