Property prices for sale in Victoria (British Columbia)
The prices in real estate in Victoria, in the British Columbia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Victoria has remained the same in the last 6 months. In October, the average price per sq.feet was $676. In November this price pretty much remained the same at a value of $670 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $673 to $650 per sq.feet. The price per sq.feet has decreased 95 % 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 $661.5 to $626 during February, and March.
Based upon to the price in Victoria (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $906,256. In November This price remains at $892,767. During the following two months (December, January) the average price had a considerable increase of 115 % 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 128 % 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 $1,209,962 they are 57 % more affordable than the average price for Victoria. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,129,436.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $521 / sq.feet, with an average $622 / sq.feet price in Victoria. The properties with the highest average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $680 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,209,962 it is 43 % cheaper than the average price in Victoria. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $1,056,515 it is 42 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $94 / sq.feet followed by "Townhouse" priced at $480 / sq.feet. "Condo" is the most costly type of property with a $707 / sq.feet cost followed by "House" with an average price of $522 / sq.feet.
