The prices in real estate in Sherbrooke, in the Quebec 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 Sherbrooke has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $82,106. In the following month the price per sq.feet decreased considerably to $50,681. The price for the following two months in (November, December) had a considerable decrease of 64 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 54 % 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 $54,512 to $29,709 during January, and February.
Based upon to the price in Sherbrooke (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $209,479. In October This price remains at $207,798. During the following two months (November, December) the average price fell 93 % 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 107 % 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 $221,880 they are 7 % more affordable than the average price for Sherbrooke. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $244,537.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $156 / sq.feet, with an average $21,463 / sq.feet price in Sherbrooke. The properties with the lowest average prices have 1 bedroom. They are 96 % cheaper than the average followed by properties with 4 bedrooms with a price at $174 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $221,880 it is 18 % 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 $186,897 it is 2 % 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 $183 / sq.feet followed by "House" priced at $43,794 / sq.feet. "Apartment" is the most costly type of property with a $98,679 / sq.feet cost followed by "House" with an average price of $43,794 / sq.feet.