The prices in real estate in Prince Albert, in the Saskatchewan 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 Prince Albert has increased strongly during the last 6 months. In October, the average price per sq.feet was $190. In November this price pretty much remained the same at a value of $186 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 3284 %. The price per sq.feet has had a considerable deflation of 10 % 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 $3,180.75 to $318 during February, and March.
Based upon to the price in Prince Albert (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $209,818. In November This price remains at $204,268. During the following two months (December, January) the price has had an average incrementation from $207,043 to $237,730. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % 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 $263,427 they are 46 % more affordable than the average price for Prince Albert. The properties with the highest average price have 1 bedroom, Their price is 18 % more costly than the average. After that we have properties with 4 bedrooms priced at $264,253.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $159 / sq.feet, with an average $288 / sq.feet price in Prince Albert. The properties with the lowest average prices have 1 bedroom. They are 18 % cheaper than the average followed by properties with 3 bedrooms with a price at $218 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $263,427 it is 22 % cheaper than the average price in Prince Albert. "House" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Land". At a price of $1,104,943 it is 581 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $171 / sq.feet followed by "House" priced at $173 / sq.feet. "Office" is the most costly type of property with a $992,845 / sq.feet cost followed by "Land" with an average price of $11,082 / sq.feet.