The prices in real estate in Rimouski, 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 Rimouski has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $416. In the following month the price per sq.feet decreased considerably to $192. The price for the following two months in (May, June) had a considerable decrease of 18 with regard to the prior two months. The price per sq.feet has had a considerable increase of 127 % 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 $179 to $226.5 during July, and August.
Based upon to the price in Rimouski (cities), these have remained the same in the last 6 months. The average price for March is $247,250. During April the price had a slight fall till $233,146. In the following two months the average price has remained the same with regard to the previous two months from $240,198 to $235,558. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % 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 $286,918 they are 51 % more affordable than the average price for Rimouski. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $222,658.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $142 / sq.feet, with an average $241 / sq.feet price in Rimouski. The properties with the lowest average prices have 4 bedrooms. They are 31 % cheaper than the average followed by properties with 3 bedrooms with a price at $159 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $286,918 it is 54 % cheaper than the average price in Rimouski. "Land" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $184,540 it is 30 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $155 / sq.feet followed by "Land" priced at $31,836 / sq.feet. "Apartment" is the most costly type of property with a $179,910 / sq.feet cost followed by "House" with an average price of $73,481 / sq.feet.