The prices in real estate in Balik Pulau, in the Penang 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 Balik Pulau has remained the same in the last 6 months. In October, the average price per sq.feet was RM 353. In November this price pretty much remained the same at a value of RM 337 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 345 to RM 349 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of RM 347 to RM 349 during February y March
Based upon to the price in Balik Pulau (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is RM 641,731. In November This price remains at RM 614,310. In the following two months the average price has remained the same with regard to the previous two months from RM 628,020.5 to RM 615,126.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 681,013 they are 1 % more affordable than the average price for Balik Pulau. The properties with the highest average price have 1 bedroom, Their price is 68 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 676,240.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 19 % cheaper than the average price of (RM 282 / sq.feet) in Balik Pulau. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 19 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Balik Pulau we can see that the cheapest property type is "Residential House" at a price of RM 676,240, they are 1 % more affordable than the average price of (!PRECIO2!). "Residential House" has the lowest price. This price is 1 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Residential House with an average price of RM 282 / sq.feet. "Residential House" with an average cost of RM 282 / sq.feet has the lowest price and would be directed at less affluent cities.