The prices in real estate in Spaniards Bay, in the Newfoundland And Labrador 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 Spaniards Bay has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $141. In the following month the price per sq.feet decreased considerably to $117. The price for the following two months in (July, August) decreased 90 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $122.5 to $96.5 during September, and October.
Based upon to the price in Spaniards Bay (cities), this has fallen considerably in the last 6 months. The average price for May is $371,150. During June the price had a considerable reduction till $252,205. During the following two months (July, August) the average price had a considerable reduction of 73 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $269,956.25 to $185,137, which means a 69 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $184,330 in Spaniards Bay. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of ($98 / sq.feet) in Spaniards Bay. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Spaniards Bay we can see that the cheapest property type is "House" at a price of $184,330, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $98 / sq.feet. "House" with an average cost of $98 / sq.feet has the lowest price and would be directed at less affluent cities.