The prices in real estate in Regina, in the Saskatchewan 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 Regina has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $19,556. In the following month the price per sq.feet decreased considerably to $1,252. The price for the following two months in (November, December) had a considerable increment of 278 %. The price per sq.feet has had a considerable deflation of 60 % 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 $19,643.5 to $11,737 during January, and February.
Based upon to the price in Regina (cities), these have remained the same in the last 6 months. The price in September is $289,399, rising in October till $308,837. In the following two months the average price has remained the same with regard to the previous two months from $299,118 to $307,567. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $303,342.5 to $280,263.5 in 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 $279,327 they are 54 % more affordable than the average price for Regina. The properties with the highest average price have 4 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at $292,272.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $540 / sq.feet price in Regina. The properties with the lowest average prices have 1 bedroom. They are 67 % cheaper than the average followed by properties with 4 bedrooms with a price at $165 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $279,327 it is 1 % more expensive than the average price in Regina. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Apartment". At a price of $280,918 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $22,911 / sq.feet followed by "House" priced at $32,677 / sq.feet. "House" is the most costly type of property with a $32,677 / sq.feet cost followed by "Apartment" with an average price of $22,911 / sq.feet.