The prices in real estate in Prince Albert, in the Saskatchewan region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Prince Albert has fallen in the last 6 months. In July, the average price per sq.feet was $323. In the following month the price per sq.feet increased considerably to $517. The price for the following two months in (September, October) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 58 % 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 $329.75 to $192.5 during November, and December.
Based upon to the price in Prince Albert (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $220,478. In August This price remains at $223,521. In the following two months the average price has remained the same with regard to the previous two months from $221,999.5 to $221,362. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $221,680.75 to $199,301 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $191,318 they are 24 % more affordable than the average price for Prince Albert. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $182,496.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $174 / sq.feet, with an average $196 / sq.feet price in Prince Albert. The properties with the highest average prices have 4 bedrooms. They are 8 % more expensive than the average followed by properties with 1 bedroom with a price at $189 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $191,318 it is 34 % 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 "House". At a price of $267,321 it is 874 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $26,835 / sq.feet followed by "Land" priced at $52,332 / sq.feet. "Office" is the most costly type of property with a $1,032,366 / sq.feet cost followed by "Land" with an average price of $52,332 / sq.feet.