The prices in real estate in Mount Pearl, in the Newfoundland And Labrador 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 Mount Pearl has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $179. In the following month the price per sq.feet decreased considerably to $152. The price for the following two months in (June, July) decreased 92 % with regard to the prior two months. The price per sq.feet has decreased 94 % 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 $159.25 to $149.5 during August, and September.
Based upon to the price in Mount Pearl (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $283,728. In May This price remains at $293,085. In the following two months the average price has remained the same with regard to the previous two months from $288,406.5 to $293,917. 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 $291,161.75 and $282,058.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $290,305 they are 29 % more affordable than the average price for Mount Pearl. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $268,149.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $148 / sq.feet price in Mount Pearl. The properties with the highest average prices have 1 bedroom. They are 55 % more expensive than the average followed by properties with 2 bedrooms with a price at $223 / sq.feet.
With regard to the average price based upon the property in Mount Pearl we can see that most expensive property type is "House" at a price of $294,124, they are 1 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 1 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $145 / sq.feet. "House" with an average cost of $145 / sq.feet has the lowest price and would be directed at less affluent cities.