Property prices for sale in Salmon Arm (British Columbia)
The prices in real estate in Salmon Arm, 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 Salmon Arm has increased strongly during the last 6 months. In December, the average price per sq.feet was $402. In the following month the price per sq.feet decreased to $373. The price for the following two months in (February, March) had a considerable increment of 2950 %. The price per sq.feet has had a considerable deflation of 7 % 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 $5,910 to $392.5 during April, and May.
Based upon to the price in Salmon Arm (cities), these have remained the same in the last 6 months. The average price for December is $807,732. During January the price had a slight fall till $738,218. During the following two months (February, March) the average price fell 86 % 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 123 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $776,567 they are 38 % more affordable than the average price for Salmon Arm. 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 3 bedrooms priced at $621,560.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $348 / sq.feet, with an average $392 / sq.feet price in Salmon Arm. The properties with the highest average prices have 1 bedroom. They are 79 % more expensive than the average followed by properties with 4 bedrooms with a price at $421 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $776,567 it is 51 % cheaper than the average price in Salmon Arm. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $834,190 it is 62 % 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 $532 / sq.feet followed by "Condo" priced at $1,400 / sq.feet. "Land" is the most costly type of property with a $734,169 / sq.feet cost followed by "Condo" with an average price of $1,400 / sq.feet.
