The prices in real estate in Brantford, in the Ontario region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Brantford has increased strongly during the last 6 months. In October, the average price per sq.feet was $582. In the following month the price per sq.feet decreased to $517. In the following two months the price per sq.feet has barely changed, going from $549.5 to $551.5 per sq.feet. The price per sq.feet has had a considerable increase of 169 % 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 $550.5 to $932.5 during February, and March.
Based upon to the price in Brantford (cities), this has fallen considerably in the last 6 months. The average price for October is $881,091. During November the price had a considerable reduction till $741,470. In the following two months the average price has remained the same with regard to the previous two months from $811,280.5 to $773,852. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $792,566.25 to $706,481 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $682,397 they are 38 % more affordable than the average price for Brantford. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $648,253.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $453 / sq.feet, with an average $532 / sq.feet price in Brantford. The properties with the highest average prices have 1 bedroom. They are 44 % more expensive than the average followed by properties with 4 bedrooms with a price at $530 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $682,397 it is 33 % cheaper than the average price in Brantford. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $976,580 it is 536 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $471 / sq.feet followed by "Condo" priced at $639 / sq.feet. "Townhouse" is the most costly type of property with a $255,285 / sq.feet cost followed by "Land" with an average price of $67,809 / sq.feet.