The prices in real estate in Surrey, in the British Columbia 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 Surrey has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $644. In October this price pretty much remained the same at a value of $620 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $632 to $620 per sq.feet. The price per sq.feet has had a considerable deflation of 69 % 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 $626 to $429 during January, and February.
Based upon to the price in Surrey (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $1,008,207. During October the price went through a considerable rise reaching $1,469,732. During the following two months (November, December) the price has had an average incrementation from $1,238,969.5 to $1,421,209.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 204 % 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 $2,856,796 they are 83 % more affordable than the average price for Surrey. The properties with the lowest average price have 3 bedrooms, Their price is 24 % cheaper than the average. After that we have properties with 4 bedrooms priced at $1,869,042.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $578 / sq.feet, with an average $450 / sq.feet price in Surrey. The properties with the highest average prices have 1 bedroom. They are 89 % more expensive than the average followed by properties with 2 bedrooms with a price at $749 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $2,856,796 it is 84 % cheaper than the average price in Surrey. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $2,866,280 it is 95 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $458 / sq.feet followed by "Condo" priced at $683 / sq.feet. "Land" is the most costly type of property with a $1,371,870 / sq.feet cost followed by "Townhouse" with an average price of $1,116,299 / sq.feet.