Property prices for sale in Fredericton (New Brunswick)
The prices in real estate in Fredericton, in the New Brunswick 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 Fredericton has increased strongly during the last 6 months. In October, the average price per sq.feet was $196. In the following month the price per sq.feet decreased to $182. The price for the following two months in (December, January) had a considerable increment of 353 %. The price per sq.feet has had a considerable deflation of 78 % 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 $428.25 to $336 during February, and March.
Based upon to the price in Fredericton (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $310,472. In November This price remains at $299,222. During the following two months (December, January) the price has had an average incrementation from $304,847 to $343,361. Based on an analysis of the first four prices and the last two months the average price has risen strongly 198 % 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 $579,318 they are 66 % more affordable than the average price for Fredericton. The properties with the lowest average price have 4 bedrooms, Their price is 39 % cheaper than the average. After that we have properties with 3 bedrooms priced at $256,090.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $161 / sq.feet, with an average $363 / sq.feet price in Fredericton. The properties with the lowest average prices have 1 bedroom. They are 47 % cheaper than the average followed by properties with 2 bedrooms with a price at $180 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $579,318 it is 72 % cheaper than the average price in Fredericton. "House" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "House". At a price of $272,262 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $16,705 / sq.feet followed by "Condo" priced at $47,739 / sq.feet. "Land" is the most costly type of property with a $162,056 / sq.feet cost followed by "Condo" with an average price of $47,739 / sq.feet.
