Property prices for sale in Prince Edward Island region
The average price in the Prince Edward Island 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 Prince Edward Island has risen considerably in the last 6 months. During November, the average price per sq.feet was $152,548. The following month (December) the price increased to $160,529 per sq.feet. The following two months (January, February) went through a considerable deflation of 7 % 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 0 %. This has been obtained by comparing the price of $84,045.75 for the first four months of the sample with regard to the previous 4 months and the price of $294 per sq.feet for the last two months (March, April).
Based upon to the price in Prince Edward Island(region), this has increased in the last 6 months. November has an average price of $329,615. During December the price had a slight deflation till $299,675. The price in the following months (January, February) had a strong increment of 124 % going from $314,645 to $390,200.5. During the last two months the price has risen 114 % compared to the previous average values going from $352,422.75 a $400,376 in March and April.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 21 % more affordable than the average price in Prince Edward Island followed by those with 1 with an average price of $318,900. The most costly properties have 4 bedrooms. They are 39 % more expensive than the average followed by those properties with 3 bedrooms priced at $442,107.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $264 / sq.feet being $292 / sq.feet the average value within the Prince Edward Island region. The properties with the most expensive average price are those with 1 bedroom. These are 92 % more costly than the average followed by those with 2 bedrooms with a price of $320 / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $401,200 it is 34 % more affordable than the average in Prince Edward Island. This is followed by "Condo" with a price of $347,568. The dearest property type is "Office" and is 58 % more expensive than the average, followed by "Land" with a cost of $527,500.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $282 / sq.feet, followed by "Condo" with a price of $344 / sq.feet. "Apartment" with an average price of $139,730 / sq.feet is the most costly type of property followed by "Land" at a price of $33,772 / sq.feet.
