Property prices for sale in Surrey (British Columbia)
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 October, the average price per sq.feet was $620. In November this price pretty much remained the same at a value of $643 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 80 with regard to the prior two months. 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 $567 to $426 during February, and March.
Based upon to the price in Surrey (cities), this has gone up considerably in the last 6 months. The average price for October is $1,469,732. During November the price had a considerable reduction till $1,247,224. During the following two months (December, January) the average price had a considerable increase of 153 % 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 185 % 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 $3,497,551 they are 86 % more affordable than the average price for Surrey. The properties with the lowest average price have 3 bedrooms, Their price is 36 % cheaper than the average. After that we have properties with 4 bedrooms priced at $1,921,068.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $592 / sq.feet, with an average $402 / sq.feet price in Surrey. The properties with the highest average prices have 1 bedroom. They are 115 % more expensive than the average followed by properties with 2 bedrooms with a price at $720 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $3,497,551 it is 87 % 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 "Land". At a price of $4,271,750 it is 59 % 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 $130 / sq.feet followed by "House" priced at $408 / sq.feet. "Townhouse" is the most costly type of property with a $1,115,182 / sq.feet cost followed by "Office" with an average price of $54,330 / sq.feet.
