The prices in real estate in Winnipeg, in the Manitoba region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Winnipeg has fallen in the last 6 months. In September, the average price per sq.feet was $186,044. In the following month the price per sq.feet increased to $195,557. In the following two months the price per sq.feet has barely changed, going from $190,800.5 to $181,595 per sq.feet. The price per sq.feet has had a considerable deflation of 80 % 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 $186,197.75 to $149,560.5 during January, and February.
Based upon to the price in Winnipeg (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $290,780. In October This price remains at $276,786. During the following two months (November, December) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $273,597.25 to $246,219.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $253,324 they are 28 % more affordable than the average price for Winnipeg. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 3 bedrooms priced at $291,647.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $88,025 / sq.feet, with an average $167,958 / sq.feet price in Winnipeg. The properties with the highest average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $93,017 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $253,324 it is 8 % cheaper than the average price in Winnipeg. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $257,394 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $122,778 / sq.feet followed by "Condo" priced at $126,285 / sq.feet. "House" is the most costly type of property with a $198,985 / sq.feet cost followed by "Commercial" with an average price of $131,031 / sq.feet.