The average price in the Newfoundland And Labrador region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Newfoundland And Labrador has risen considerably in the last 6 months. During October, the average price per sq.feet was $477. The following month the price decreased to $428 per sq.feet. The following two months (December, January) went through a considerable deflation of 64 % 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 50 %. This has been obtained by comparing the price of $371.75 for the first four months of the sample with regard to the previous 4 months and the price of $186.5 per sq.feet for the last two months (February, March).
Based upon to the price in Newfoundland And Labrador(region), this has decreased considerably in the last 6 months. October has an average price of $638,549. During November the price had a slight deflation till $575,219. In the following two months the average price has decreased 74 % compared to the previous two. During the last two months the price has had a considerable reduction of 68 % with respect to the previous four months going from $527,274 a $361,138.5.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 51 % more affordable than the average price in Newfoundland And Labrador followed by those with 2 with an average price of $280,722. The most costly properties have 4 bedrooms. They are 0 % more expensive than the average followed by those properties with 3 bedrooms priced at $368,356.
Based on the average price per sq.feet those properties with 1 bedroom are the cheapest ones with a price of $154 / sq.feet being $189 / sq.feet the average value within the Newfoundland And Labrador region. The properties with the most expensive average price are those with 2 bedrooms. These are 17 % more costly than the average followed by those with 3 bedrooms with a price of $183 / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $367,556 it is 79 % more affordable than the average in Newfoundland And Labrador. This is followed by "" with a price of $113,968. The dearest property type is "Condo" and is 6 % more expensive than the average, followed by "House" with a cost of $381,079.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $179 / sq.feet, followed by "Condo" with a price of $327 / sq.feet. "Apartment" with an average price of $35,893 / sq.feet is the most costly type of property followed by "Condo" at a price of $327 / sq.feet.