The prices in real estate in Revelstoke, 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 Revelstoke has increased strongly during the last 6 months. In September, the average price per sq.feet was $453. In the following month the price per sq.feet increased considerably to $69,565. The price for the following two months in (November, December) had a considerable increment of 188 %. The price per sq.feet has had a considerable deflation of 1 % 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 $50,400.75 to $608 during January, and February.
Based upon to the price in Revelstoke (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $974,500. During October the price went through a considerable rise reaching $1,368,658. During the following two months (November, December) the price has had an average incrementation from $1,171,579 to $1,273,550. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $1,222,564.5 to $1,061,861 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,182,056 they are 9 % more affordable than the average price for Revelstoke. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 31 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $668 / sq.feet, with an average $674 / sq.feet price in Revelstoke. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 21 % more costly than the average value aforementioned.