The prices in real estate in Cambridge, in the Ontario region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Cambridge has fallen in the last 6 months. In November, the average price per sq.feet was $524. In December this price pretty much remained the same at a value of $541 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 83 with regard to the prior two months. 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 $488.5 to $504.5 during March y April
Based upon to the price in Cambridge (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $1,687,459. In December This price remains at $1,610,754. During the following two months (January, February) the average price had a considerable reduction of 58 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,301,220 to $902,180, which means a 69 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $860,237 they are 42 % more affordable than the average price for Cambridge. The properties with the highest average price have 1 bedroom, Their price is 20 % more costly than the average. After that we have properties with 4 bedrooms priced at $752,953.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $478 / sq.feet, with an average $543 / sq.feet price in Cambridge. The properties with the highest average prices have 1 bedroom. They are 4556 % more expensive than the average followed by properties with 3 bedrooms with a price at $525 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $860,237 it is 34 % cheaper than the average price in Cambridge. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Apartment". At a price of $814,320 it is 577 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $401 / sq.feet followed by "House" priced at $465 / sq.feet. "Land" is the most costly type of property with a $583,674 / sq.feet cost followed by "Apartment" with an average price of $487 / sq.feet.