The prices in real estate in Sparwood, in the British Columbia 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 Sparwood has fallen in the last 6 months. In September, the average price per sq.feet was $223. In October this price pretty much remained the same at a value of $212 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $217.5 to $220.5 per sq.feet. The price per sq.feet has had a considerable deflation of 84 % 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 $219 to $183.5 during January, and February.
Based upon to the price in Sparwood (cities), this has fallen considerably in the last 6 months. The average price for September is $466,650. During October the price had a considerable reduction till $328,682. During the following two months (November, December) the average price fell 89 % 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 $374,949.75 to $226,166.5, which means a 60 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $180,233 they are 60 % more affordable than the average price for Sparwood. The properties with the highest average price have 4 bedrooms, Their price is 111 % more costly than the average. After that we have properties with 3 bedrooms priced at $294,295.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $90 / sq.feet, with an average $169 / sq.feet price in Sparwood. The properties with the highest average prices have 2 bedrooms. They are 15 % more expensive than the average followed by properties with 1 bedroom with a price at $120 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $180,233 it is 78 % more expensive than the average price in Sparwood. "Commercial" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "House". At a price of $319,915 it is 280 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $150 / sq.feet followed by "Commercial" priced at $186,536 / sq.feet. "Commercial" is the most costly type of property with a $186,536 / sq.feet cost followed by "House" with an average price of $150 / sq.feet.