The prices in real estate in Quebec City, in the Quebec 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 Quebec City has increased strongly during the last 6 months. In September, the average price per sq.feet was $359. In the following month the price per sq.feet decreased considerably to $303. The price for the following two months in (November, December) had a considerable increment of 231 %. The price per sq.feet has had a considerable deflation of 85 % 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 $547.75 to $463 during January, and February.
Based upon to the price in Quebec City (cities), these have remained the same in the last 6 months. The price in September is $357,794, rising in October till $384,871. In the following two months the average price has remained the same with regard to the previous two months from $371,332.5 to $364,095.5. 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 $367,714 and $358,910 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $366,672 they are 16 % more affordable than the average price for Quebec City. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $367,301.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $303 / sq.feet, with an average $405 / sq.feet price in Quebec City. The properties with the highest average prices have 3 bedrooms. They are 127 % more expensive than the average followed by properties with 1 bedroom with a price at $436 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $366,672 it is 28 % cheaper than the average price in Quebec City. "Duplex" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Bungalow". At a price of $404,010 it is 188 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $10 / sq.feet followed by "Townhouse" priced at $57 / sq.feet. "House" is the most costly type of property with a $949 / sq.feet cost followed by "Apartment" with an average price of $673 / sq.feet.