The prices in real estate in Relau, 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 Relau has remained the same in the last 6 months. In October, the average price per sq.feet was RM 421. In November this price pretty much remained the same at a value of RM 425 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 423 to RM 444 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 433.5 to RM 440 during February y March
Based upon to the price in Relau (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is RM 405,138. In November This price remains at RM 391,088. During the following two months (December, January) the average price had a considerable increase of 118 % 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 gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of RM 439,175 they are 13 % more expensive than the average price for Relau. Following this ranking we find those properties with 1 at an average price of RM 561,828. The properties with the highest average price have 1 bedroom, Their price is 28 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 498,463.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 382 / sq.feet, with an average RM 437 / sq.feet price in Relau. The properties with the lowest average prices have 1 bedroom. They are 5 % cheaper than the average followed by properties with 2 bedrooms with a price at RM 382 / sq.feet.
With regard to the average price based upon the property in Relau we can see that most expensive property type is "Condominium" at a price of RM 498,463, they are 13 % more costly than the average price of (!PRECIO2!). "Condominium" has the highest price. This price is 13 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Condominium with an average price of RM 382 / sq.feet. "Condominium" with an average cost of RM 382 / sq.feet has the lowest price and would be directed at less affluent cities.