The prices in real estate in St. John's, in the Newfoundland And Labrador 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 St. John's has increased strongly during the last 6 months. In October, the average price per sq.feet was $156. In the following month the price per sq.feet decreased to $148. In the following two months the price per sq.feet has increased 110 %, going from $152 to $166.5 per sq.feet. The price per sq.feet has had a considerable increase of 16458 % 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 $159.25 to $26,209.5 during February, and March.
Based upon to the price in St. John's (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $311,268. In November This price remains at $318,734. In the following two months the average price has remained the same with regard to the previous two months from $315,001 to $324,180. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $319,590.5 and $319,492 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $333,663 they are 44 % more affordable than the average price for St. John's. The properties with the lowest average price have 4 bedrooms, Their price is 0 % cheaper than the average. After that we have properties with 2 bedrooms priced at $279,017.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $131 / sq.feet, with an average $52,273 / sq.feet price in St. John's. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $188 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $333,663 it is 67 % cheaper than the average price in St. John's. "Apartment" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of $292,078 it is 110 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $10 / sq.feet followed by "Office" priced at $136 / sq.feet. "House" is the most costly type of property with a $178,121 / sq.feet cost followed by "Apartment" with an average price of $138 / sq.feet.