The prices in real estate in North Vancouver, in the British Columbia 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 North Vancouver has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $805. In the following month the price per sq.feet decreased considerably to $603. The price for the following two months in (May, June) had a considerable decrease of 67 with regard to the prior two months. The price per sq.feet has had a considerable increase of 138 % 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 $587.25 to $808 during July, and August.
Based upon to the price in North Vancouver (cities), this has gone downing the last 6 months. In our first sample month during March, the average price is $3,325,251. In April This price remains at $3,465,362. In the following two months the average price has remained the same with regard to the previous two months from $3,395,306.5 to $3,462,860. During the last two months the average price has had a strong fall compared to the previous four going from $3,429,083.25 to $2,113,926, which means a 62 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,515,823 they are 54 % more affordable than the average price for North Vancouver. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,613,302.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $983 / sq.feet, with an average $941 / sq.feet price in North Vancouver. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,038 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,515,823 it is 34 % cheaper than the average price in North Vancouver. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $1,076,522 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $787 / sq.feet followed by "House" priced at $903 / sq.feet. "Condo" is the most costly type of property with a $994 / sq.feet cost followed by "House" with an average price of $903 / sq.feet.