The prices in real estate in Steinbach, in the Manitoba 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 Steinbach has increased strongly during the last 6 months. In October, the average price per sq.feet was $304. In the following month the price per sq.feet increased considerably to $4,659. The price for the following two months in (December, January) had a considerable increment of 756 %. The price per sq.feet has had a considerable deflation of 75 % 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 $10,626.5 to $7,962 during February, and March.
Based upon to the price in Steinbach (cities), this has gone up in the last 6 months. The average price for October is $343,095. During November the price had a slight fall till $299,064. During the following two months (December, January) the price has had an average incrementation from $321,079.5 to $341,788.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $429,160 they are 58 % more affordable than the average price for Steinbach. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $392,252.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $245 / sq.feet, with an average $3,496 / sq.feet price in Steinbach. The properties with the lowest average prices have 3 bedrooms. They are 92 % cheaper than the average followed by properties with 4 bedrooms with a price at $280 / sq.feet.
With regard to the average price based upon the property in Steinbach we can see that the cheapest property type is "House" at a price of $384,198, they are 10 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 10 % 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 $272 / sq.feet. "House" with an average cost of $272 / sq.feet has the lowest price and would be directed at less affluent cities.