The average price in the Prince Edward Island region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Prince Edward Island has increased strongly in the last 6 months. During September, the average price per sq.feet was $4,176. The following month (October) the price had a considerable increase reaching $142,642 per sq.feet. In the following two months (November, December) the price per sq.feet has risen strongly to a 213 %. In the last two months, the price per sq.feet has had a significant decrease of 10 %. This has been obtained by comparing the price of $114,973.75 for the first four months of the sample with regard to the previous 4 months and the price of $11,553 per sq.feet for the last two months (January, February).
Based upon to the price in Prince Edward Island(region), this has increased in the last 6 months. The average price in September is $303,974. In October the price increased to $320,317. In the following two months the average price didn't change much compared to the previous two going from $312,145.5 to $314,645. During the last two months the price has had a considerable increase of 125 % with respect to the previous four months going from $313,395.25 a $390,200.5.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 29 % more affordable than the average price in Prince Edward Island followed by those with 1 with an average price of $420,978. The most costly properties have 4 bedrooms. They are 30 % more expensive than the average followed by those properties with 3 bedrooms priced at $445,535.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $253 / sq.feet being $313 / sq.feet the average value within the Prince Edward Island region. The properties with the most expensive average price are those with 1 bedroom. These are 203 % more costly than the average followed by those with 2 bedrooms with a price of $324 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $431,334 it is 46 % more affordable than the average in Prince Edward Island. This is followed by "Apartment" with a price of $263,747. The dearest property type is "Office" and is 47 % more expensive than the average, followed by "House" with a cost of $451,208.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $280 / sq.feet, followed by "Condo" with a price of $395 / sq.feet. "Apartment" with an average price of $140,011 / sq.feet is the most costly type of property followed by "Land" at a price of $128,385 / sq.feet.