The prices in real estate in Winnipeg, in the Manitoba 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 Winnipeg has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $189,048. In the following month the price per sq.feet decreased considerably to $131,163. The price for the following two months in (February, March) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has increased 115 % 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 $122,042.25 to $140,239.5 during April, and May.
Based upon to the price in Winnipeg (cities), this has fallen considerably in the last 6 months. The average price for December is $276,036. During January the price had a slight fall till $239,115. During the following two months (February, March) the average price had a considerable reduction of 49 % 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 124 % 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 $226,081 they are 13 % more affordable than the average price for Winnipeg. The properties with the highest average price have 4 bedrooms, Their price is 67 % more costly than the average. After that we have properties with 3 bedrooms priced at $311,996.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $86,688 / sq.feet, with an average $128,916 / sq.feet price in Winnipeg. The properties with the highest average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 2 bedrooms with a price at $111,778 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $226,081 it is 3 % cheaper than the average price in Winnipeg. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $236,516 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $102,845 / sq.feet followed by "Apartment" priced at $117,945 / sq.feet. "House" is the most costly type of property with a $146,463 / sq.feet cost followed by "Commercial" with an average price of $130,768 / sq.feet.