The average price in the British Columbia region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in British Columbia has increased strongly in the last 6 months. During October, the average price per sq.feet was $741. The following month (November) the price increased to $805 per sq.feet. The following two months (December, January) went through an increase of 108 % in the price per sq.feet rising from $773 to $833 per sq.feet. In the last two months, the price per sq.feet has had a significant increase of 121 %. This has been obtained by comparing the price of $803 for the first four months of the sample with regard to the previous 4 months and the price of $969 per sq.feet for the last two months (February, March).
Based upon to the price in British Columbia (region), this has decreased in the last 6 months. In the first month sample October the average price is $1,141,381. In November the price was the same at $1,185,394. The average price for the following two months (December, January) decreased 92 % compared to the prior two. During the last two months the price has had a considerable reduction of 84 % with respect to the previous four months going from $1,114,784.5 a $932,650.5.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 44 % more affordable than the average price in British Columbia followed by those with 2 with an average price of $725,199. The most costly properties have 4 bedrooms. They are 76 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,052,403.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $519 / sq.feet being $1,030 / sq.feet the average value within the British Columbia region. The properties with the cheapest average price are those with 1 bedroom. These are 24 % lower than the average followed by those with 2 bedrooms with a price of $606 / sq.feet.
The graph displaying the average price according to the property type shows "Office" as the cheapest one. With an average cost of $880,517 it is 61 % more affordable than the average in British Columbia. This is followed by "Land" with a price of $611,946. The dearest property type is "House" and is 55 % more expensive than the average, followed by "Apartment" with a cost of $1,153,767.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $519 / sq.feet, followed by "House" with a price of $636 / sq.feet. "Land" with an average price of $100,050 / sq.feet is the most costly type of property followed by "Office" at a price of $1,218 / sq.feet.