The prices in real estate in Moncton, in the New Brunswick 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 Moncton has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $2,761. In the following month the price per sq.feet increased considerably to $3,930. The price for the following two months in (February, March) had a considerable decrease of 51 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 7 % 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 $2,519.75 to $187 during April, and May.
Based upon to the price in Moncton (cities), this has gone up in the last 6 months. The price in December is $256,195, rising in January till $275,142. In the following two months the average price has remained the same with regard to the previous two months from $265,668.5 to $261,570. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $289,378 they are 26 % more affordable than the average price for Moncton. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 3 bedrooms priced at $245,354.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $178 / sq.feet, with an average $182 / sq.feet price in Moncton. The properties with the highest average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 4 bedrooms with a price at $196 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $289,378 it is 37 % cheaper than the average price in Moncton. "Apartment" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Land". At a price of $331,346 it is 376 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $178 / sq.feet followed by "House" priced at $879 / sq.feet. "Land" is the most costly type of property with a $112,928 / sq.feet cost followed by "Commercial" with an average price of $47,554 / sq.feet.