The prices in real estate in Saint John, in the New Brunswick 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 Saint John has increased strongly during the last 6 months. In April, the average price per sq.feet was $124. In the following month the price per sq.feet increased to $137. In the following two months the price per sq.feet has increased 113 %, going from $130.5 to $147.5 per sq.feet. The price per sq.feet has had a considerable increase of 130 % 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 $139 to $180.5 during August, and September.
Based upon to the price in Saint John (cities), this has gone up considerably in the last 6 months. In our first sample month during April, the average price is $169,497. In May This price remains at $166,926. During the following two months (June, July) the average price had a considerable increase of 123 % 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 gone up 106 % 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 $175,695 they are 10 % more affordable than the average price for Saint John. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 2 bedrooms priced at $163,106.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $133 / sq.feet, with an average $131 / sq.feet price in Saint John. The properties with the highest average prices have 1 bedroom. They are 81 % more expensive than the average followed by properties with 2 bedrooms with a price at $161 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $175,695 it is 50 % cheaper than the average price in Saint John. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $88,556 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $133 / sq.feet followed by "Land" priced at $12,715 / sq.feet. "Land" is the most costly type of property with a $12,715 / sq.feet cost followed by "House" with an average price of $133 / sq.feet.