The prices in real estate in Selkirk, in the Manitoba 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 Selkirk has increased strongly during the last 6 months. In October, the average price per sq.feet was $7,313. In the following month the price per sq.feet decreased considerably to $258. The price for the following two months in (December, January) had a considerable increment of 350 %. The price per sq.feet has had a considerable increase of 465 % 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 $8,514.25 to $39,596 during February, and March.
Based upon to the price in Selkirk (cities), these have remained the same in the last 6 months. The price in October is $257,014, rising in November till $288,350. During the following two months (December, January) the average price had a considerable reduction of 84 % 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 113 % 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 $226,373 they are 49 % more affordable than the average price for Selkirk. The properties with the highest average price have 2 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 4 bedrooms priced at $273,256.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $136 / sq.feet, with an average $60,739 / sq.feet price in Selkirk. The properties with the highest average prices have 2 bedrooms. They are 49 % more expensive than the average followed by properties with 4 bedrooms with a price at $89,731 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most costly one. At an cost of $226,373 it is 20 % more expensive than the average price in Selkirk. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $272,709 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $89,551 / sq.feet followed by "Apartment" priced at $89,731 / sq.feet. "Apartment" is the most costly type of property with a $89,731 / sq.feet cost followed by "Townhouse" with an average price of $89,551 / sq.feet.