The prices in real estate in Corner Brook, in the Newfoundland And Labrador region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Corner Brook has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $177. In October this price pretty much remained the same at a value of $178 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $177.5 to $171.5 per sq.feet. The price per sq.feet has had a considerable deflation of 37 % 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 $174.5 to $64 during January, and February.
Based upon to the price in Corner Brook (cities), this has fallen considerably in the last 6 months. The average price for September is $368,764. During October the price had a considerable reduction till $293,285. During the following two months (November, December) the average price fell 86 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $307,808.5 to $138,492.5, which means a 45 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 30 % cheaper than the average price of $194,901 in Corner Brook. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 30 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 17059 % more costly than the average price of ($21,964 / sq.feet) in Corner Brook. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 17059 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Corner Brook we can see that the cheapest property type is "House" at a price of $194,901, they are 30 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 30 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $21,964 / sq.feet. "House" at an average price of $21,964 / sq.feet has the most expensive price and would be directed at more affluent cities.