The prices in real estate in Stony Plain, in the Alberta 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 Stony Plain has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $2,547. In January this price pretty much remained the same at a value of $2,525 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 45 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 78 % 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 $1,840.25 to $1,429.5 during April, and May.
Based upon to the price in Stony Plain (cities), this has gone downing the last 6 months. In our first sample month during December, the average price is $334,775. In January This price remains at $350,512. During the following two months (February, March) the average price had a considerable reduction of 50 % 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 risen strongly 145 % 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 $368,867 they are 35 % more affordable than the average price for Stony Plain. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $350,897.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $1,325 / sq.feet, with an average $1,286 / sq.feet price in Stony Plain. The properties with the highest average prices have 2 bedrooms. They are 54 % more expensive than the average followed by properties with 1 bedroom with a price at $1,594 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $368,867 it is 23 % cheaper than the average price in Stony Plain. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $349,460 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $2,351 / sq.feet followed by "Commercial" priced at $2,516 / sq.feet. "House" is the most costly type of property with a $2,609 / sq.feet cost followed by "Commercial" with an average price of $2,516 / sq.feet.