The average price in the Manitoba 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 Manitoba has increased strongly in the last 6 months. During October, the average price per sq.feet was $271. The following month (November) the price had a considerable increase reaching $832 per sq.feet. The following two months (December, January) went through a considerable deflation of 66 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 79 %. This has been obtained by comparing the price of $459 for the first four months of the sample with regard to the previous 4 months and the price of $361 per sq.feet for the last two months (February, March).
Based upon to the price in Manitoba(region), this has increased in the last 6 months. October has an average price of $303,443. During November the price had a slight deflation till $266,209. The average price for the following two months (December, January) increased from $284,826 to $312,199.5. During the last two months the price has had a considerable increase of 123 % with respect to the previous four months going from $298,512.75 a $366,550.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 53 % more affordable than the average price in Manitoba followed by those with 2 with an average price of $272,010. The most costly properties have 4 bedrooms. They are 49 % more expensive than the average followed by those properties with 3 bedrooms priced at $382,511.
Based on the average price per sq.feet those properties with 1 bedroom are the cheapest ones with a price of $219 / sq.feet being $326 / sq.feet the average value within the Manitoba region. The properties with the cheapest average price are those with 4 bedrooms. These are 4 % lower than the average followed by those with 3 bedrooms with a price of $284 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $367,545 it is 57 % more affordable than the average in Manitoba. This is followed by "Farm" with a price of $218,476. The dearest property type is "House" and is 20 % more expensive than the average, followed by "Duplex" with a cost of $360,548.
Based on the average cost per sq.feet the cheapest property type is "Condo with a an average cost of $249 / sq.feet, followed by "House" with a price of $303 / sq.feet. "Farm" with an average price of $113,801 / sq.feet is the most costly type of property followed by "Duplex" at a price of $103,430 / sq.feet.