The prices in real estate in Port Moody, in the British Columbia region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Port Moody has increased during the last 6 months. In October, the average price per sq.feet was $759. In the following month the price per sq.feet increased to $800. In the following two months the price per sq.feet has increased 108 %, going from $779.5 to $838 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $808.75 to $847.5 during February y March
Based upon to the price in Port Moody (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $1,368,833. In November This price remains at $1,307,188. During the following two months (December, January) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,212,098.5 to $833,711.5, which means a 69 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $795,940 they are 20 % more affordable than the average price for Port Moody. The properties with the highest average price have 4 bedrooms, Their price is 169 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,139,947.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $639 / sq.feet, with an average $814 / sq.feet price in Port Moody. The properties with the highest average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 4 bedrooms with a price at $965 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $795,940 it is 15 % cheaper than the average price in Port Moody. "House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $1,984,539 it is 161 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $675 / sq.feet followed by "Condo" priced at $777 / sq.feet. "Apartment" is the most costly type of property with a $1,224 / sq.feet cost followed by "Condo" with an average price of $777 / sq.feet.