The prices in real estate in Sherbrooke, in the Quebec region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Sherbrooke has fallen in the last 6 months. In December, the average price per sq.feet was $37,473. In January this price pretty much remained the same at a value of $37,955 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 28 with regard to the prior two months. The price per sq.feet has had a considerable increase of 239 % 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 $24,222.75 to $57,977.5 during April, and May.
Based upon to the price in Sherbrooke (cities), this has gone downing the last 6 months. The price in December is $192,973, rising in January till $209,003. During the following two months (February, March) the average price had a considerable reduction of 55 % 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 141 % 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 $226,126 they are 21 % more affordable than the average price for Sherbrooke. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at $259,504.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $60,034 / sq.feet price in Sherbrooke. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 4 bedrooms with a price at $165 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $226,126 it is 27 % cheaper than the average price in Sherbrooke. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $190,459 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $163 / sq.feet followed by "House" priced at $92,888 / sq.feet. "Apartment" is the most costly type of property with a $147,391 / sq.feet cost followed by "House" with an average price of $92,888 / sq.feet.