The average price in the British Columbia region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per sq.feet in British Columbia has risen in the last 6 months. During October, the average price per sq.feet was $933. In November the price pretty much stayed the same at $937 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $935 to $898 per sq.feet. In the last two months, the price per sq.feet has had a significant decrease of 84 %. This has been obtained by comparing the price of $916.5 for the first four months of the sample with regard to the previous 4 months and the price of $770.5 per sq.feet for the last two months (February, March).
Based upon to the price in British Columbia(region), this has increased considerably in the last 6 months. In the first month sample for October the average price is $909,625. During November it went through a strong inflation reaching $1,118,648 The price in the following months (December, January) had a strong increment of 159 % going from $1,014,136.5 to $1,614,681. During the last two months the price has had a considerable increase of 229 % with respect to the previous four months going from $1,314,408.75 a $3,013,875.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 82 % more affordable than the average price in British Columbia followed by those with 2 with an average price of $1,761,361. The cheapest properties have 4 bedrooms. They are 12 % cheaper than the average followed by those properties with 3 bedrooms priced at $2,983,235.
Based on the average price per sq.feet those properties with 4 bedrooms are the dearest ones with a price of $716 / sq.feet being $681 / sq.feet the average value within the British Columbia region. The properties with the most expensive average price are those with 1 bedroom. These are 40 % more costly than the average followed by those with 2 bedrooms with a price of $897 / sq.feet.
The graph displaying the average price according to the property type shows "Office" as the cheapest one. With an average cost of $3,945,157 it is 91 % more affordable than the average in British Columbia. This is followed by "Townhouse" with a price of $843,615. The dearest property type is "House" and is 0 % more expensive than the average, followed by "Land" with a cost of $2,709,432.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $507 / sq.feet, followed by "House" with a price of $689 / sq.feet. "Land" with an average price of $12,659 / sq.feet is the most costly type of property followed by "Office" at a price of $1,194 / sq.feet.