The average price in the British Columbia region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per sq.feet in British Columbia has risen in the last 6 months. During April, the average price per sq.feet was $787. The following month (May) the price increased to $847 per sq.feet. The following two months (June, July) there has been a deflation of 92 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has decreased 86 %. This has been obtained by comparing the price $782.75 for the first four months of the sample with regard to the previous 4 months and the price $670.5 per sq.feet for the last two months (August, September).
Based upon to the price in British Columbia (region), this has decreased in the last 6 months. In the first month sample April the average price is $1,263,440. In May the price was the same at $1,240,578. In the following two months the average price didn't change much compared to the previous two going from $1,252,009 to $1,301,252. During the last two months the price has had a considerable reduction of 80 % with respect to the previous four months going from $1,276,630.5 a $1,015,992.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 38 % more affordable than the average price in British Columbia followed by those with 2 with an average price of $807,833. The most costly properties have 4 bedrooms. They are 50 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,070,156.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $600 / sq.feet being $631 / sq.feet the average value within the British Columbia region. The properties with the most expensive average price are those with 1 bedroom. These are 45 % more costly than the average followed by those with 2 bedrooms with a price of $720 / sq.feet.
The graph displaying the average price according to the property type shows "Office" as the cheapest one. With an average cost of $973,454 it is 65 % more affordable than the average in British Columbia. This is followed by "Townhouse" with a price of $858,954. The dearest property type is "Land" and is 124 % more expensive than the average, followed by "Apartment" with a cost of $1,213,684.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $525 / sq.feet, followed by "House" with a price of $571 / sq.feet. "Land" with an average price of $17,623 / sq.feet is the most costly type of property followed by "Office" at a price of $1,230 / sq.feet.