The prices in real estate in Cambridge, in the Ontario region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Cambridge has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $5,709. In the following month the price per sq.feet decreased considerably to $986. The price for the following two months in (October, November) had a considerable decrease of 19 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 67 % 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 $1,999.5 to $1,341.5 during December, and January.
Based upon to the price in Cambridge (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is $598,775. In September This price remains at $585,247. In the following two months the average price has remained the same with regard to the previous two months from $592,011 to $600,093.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $596,052.25 and $615,556 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $608,671 they are 31 % more affordable than the average price for Cambridge. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $561,428.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $368 / sq.feet, with an average $2,318 / sq.feet price in Cambridge. The properties with the highest average prices have 4 bedrooms. They are 230 % more expensive than the average followed by properties with 1 bedroom with a price at $499 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $608,671 it is 10 % cheaper than the average price in Cambridge. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $551,222 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $336 / sq.feet followed by "Condo" priced at $415 / sq.feet. "House" is the most costly type of property with a $9,606 / sq.feet cost followed by "Condo" with an average price of $415 / sq.feet.