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 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 Salmon Arm has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,309. In November this price pretty much remained the same at a value of $1,360 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 36 % 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 $922.25 to $332 during February, and March.
Based upon to the price in Salmon Arm (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $750,918. In November This price remains at $740,253. In the following two months the average price has remained the same with regard to the previous two months from $745,585.5 to $767,472.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $827,175 they are 43 % more affordable than the average price for Salmon Arm. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $615,368.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $338 / sq.feet, with an average $328 / sq.feet price in Salmon Arm. The properties with the highest average prices have 1 bedroom. They are 110 % more expensive than the average followed by properties with 4 bedrooms with a price at $411 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $827,175 it is 54 % 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 $825,880 it is 51 % 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 $522 / sq.feet followed by "Condo" priced at $1,380 / sq.feet. "Land" is the most costly type of property with a $726,855 / sq.feet cost followed by "Condo" with an average price of $1,380 / sq.feet.
