The prices in real estate in Okotoks, in the Alberta 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 Okotoks has increased strongly during the last 6 months. In August, the average price per sq.feet was $251. In the following month the price per sq.feet increased considerably to $795. The price for the following two months in (October, November) had a considerable increment of 184 %. The price per sq.feet has had a considerable increase of 149 % 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 $741.75 to $1,105 during December, and January.
Based upon to the price in Okotoks (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is $446,238. During September the price went through a considerable rise reaching $1,269,197. During the following two months (October, November) the average price had a considerable increase of 156 % 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 119 % 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 $1,069,080 they are 73 % more affordable than the average price for Okotoks. The properties with the lowest average price have 4 bedrooms, Their price is 49 % cheaper than the average. After that we have properties with 3 bedrooms priced at $454,791.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $109 / sq.feet, with an average $962 / sq.feet price in Okotoks. The properties with the lowest average prices have 2 bedrooms. They are 52 % cheaper than the average followed by properties with 1 bedroom with a price at $140 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,069,080 it is 84 % cheaper than the average price in Okotoks. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $190,946 it is 55 % 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 $209 / sq.feet followed by "Condo" priced at $222 / sq.feet. "House" is the most costly type of property with a $2,716 / sq.feet cost followed by "Condo" with an average price of $222 / sq.feet.