The prices in real estate in Medicine Hat, in the Alberta region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Medicine Hat has remained the same in the last 6 months. In March, the average price per sq.feet was $233. In April this price pretty much remained the same at a value of $228 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $230.5 to $244.5 per sq.feet. The price per sq.feet has increased 105 % 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 $237.5 to $250.5 during July, and August.
Based upon to the price in Medicine Hat (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $286,005. In April This price remains at $275,670. During the following two months (May, June) the average price had a considerable increase of 120 % 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 118 % 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 $364,798 they are 52 % more affordable than the average price for Medicine Hat. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $285,419.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $185 / sq.feet, with an average $267 / sq.feet price in Medicine Hat. The properties with the lowest average prices have 4 bedrooms. They are 18 % cheaper than the average followed by properties with 1 bedroom with a price at $207 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $364,798 it is 38 % cheaper than the average price in Medicine Hat. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $351,273 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $237 / sq.feet followed by "Townhouse" priced at $248 / sq.feet. "Land" is the most costly type of property with a $41,579 / sq.feet cost followed by "Condo" with an average price of $5,942 / sq.feet.