The prices in real estate in Airdrie, in the Alberta region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Airdrie has increased strongly during the last 6 months. In November, the average price per sq.feet was $255. In the following month the price per sq.feet increased to $269. The price for the following two months in (January, February) had a considerable increment of 141 %. The price per sq.feet has had a considerable increase of 117 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $316.25 to $370 during March, and April.
Based upon to the price in Airdrie (cities), this has gone up considerably in the last 6 months. The price in November is $342,436, rising in December till $369,572. During the following two months (January, February) the average price had a considerable increase of 189 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $601,871 they are 55 % more affordable than the average price for Airdrie. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at $533,970.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $305 / sq.feet, with an average $372 / sq.feet price in Airdrie. The properties with the highest average prices have 1 bedroom. They are 44 % more expensive than the average followed by properties with 4 bedrooms with a price at $371 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $601,871 it is 48 % cheaper than the average price in Airdrie. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $331,391 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $171 / sq.feet followed by "Condo" priced at $348 / sq.feet. "House" is the cheapest type of property with a $372 / sq.feet value followed by "Condo" with an average price of $348 / sq.feet.