The prices in real estate in Quebec City, in the Quebec region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Quebec City has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $67,159. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (April, May) had a considerable increment of 259 %. The price per sq.feet has had a considerable deflation of 23 % 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 $60,216.5 to $13,676.5 during June, and July.
Based upon to the price in Quebec City (cities), these have remained the same in the last 6 months. The average price for February is $216,694. During March the price had a considerable reduction till . During the following two months (April, May) the average price had a considerable increase of 222 % 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 161 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $290,657 they are 35 % more affordable than the average price for Quebec City. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $259,728.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $192 / sq.feet, with an average $13,817 / sq.feet price in Quebec City. The properties with the lowest average prices have 1 bedroom. They are 98 % cheaper than the average followed by properties with 4 bedrooms with a price at $213 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $290,657 it is 34 % cheaper than the average price in Quebec City. "Condo" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of $302,942 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Bungalow" at an average cost of $44 / sq.feet followed by "Duplex" priced at $52 / sq.feet. "Apartment" is the most costly type of property with a $84,931 / sq.feet cost followed by "House" with an average price of $27,534 / sq.feet.