The prices in real estate in Richmond, in the British Columbia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Richmond has remained the same in the last 6 months. In September, the average price per sq.feet was $841. In October this price pretty much remained the same at a value of $815 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $828 to $884 per sq.feet. The price per sq.feet has increased 105 % 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 $856 to $900 during January, and February.
Based upon to the price in Richmond (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $854,175. In October This price remains at $859,932. During the following two months (November, December) the average price had a considerable increase of 131 % 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 159 % 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 $1,667,907 they are 63 % more affordable than the average price for Richmond. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,523,005.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $948 / sq.feet, with an average $873 / sq.feet price in Richmond. The properties with the highest average prices have 3 bedrooms. They are 15 % more expensive than the average followed by properties with 1 bedroom with a price at $986 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,667,907 it is 73 % cheaper than the average price in Richmond. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $904,008 it is 85 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $493 / sq.feet followed by "Townhouse" priced at $606 / sq.feet. "House" is the most costly type of property with a $891 / sq.feet cost followed by "Condo" with an average price of $861 / sq.feet.