The prices in real estate in Summerland, in the British Columbia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Summerland has remained the same in the last 6 months. In September, the average price per sq.feet was $515. In October this price pretty much remained the same at a value of $501 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $508 to $516.5 per sq.feet. The price per sq.feet has decreased 92 % 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 $512.25 to $473.5 during January, and February.
Based upon to the price in Summerland (cities), this has fallen considerably in the last 6 months. The average price for September is $1,266,286. During October the price had a considerable reduction till $956,069. During the following two months (November, December) the average price fell 86 % 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 $1,035,807.75 to $625,201.5, which means a 60 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $589,103 they are 27 % more affordable than the average price for Summerland. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 67 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $436 / sq.feet, with an average $479 / sq.feet price in Summerland. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 14 % more costly than the average value aforementioned.