The prices in real estate in Prince George, in the British Columbia 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 George has increased strongly during the last 6 months. In June, the average price per sq.feet was $179. In the following month the price per sq.feet increased considerably to $219. The price for the following two months in (August, September) had a considerable increment of 225 %. The price per sq.feet has had a considerable deflation of 73 % 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 $323.25 to $235.5 during October, and November.
Based upon to the price in Prince George (cities), this has gone downing the last 6 months. In our first sample month during June, the average price is $454,115. In July This price remains at $442,934. During the following two months (August, September) the average price fell 86 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $417,710 and $396,962 between October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $378,059 they are 30 % more affordable than the average price for Prince George. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $367,940.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $184 / sq.feet, with an average $250 / sq.feet price in Prince George. The properties with the highest average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 2 bedrooms with a price at $256 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $378,059 it is 45 % cheaper than the average price in Prince George. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $346,187 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $200 / sq.feet followed by "House" priced at $21,514 / sq.feet. "Condo" is the most costly type of property with a $41,894 / sq.feet cost followed by "Land" with an average price of $28,646 / sq.feet.