Property prices for sale in Cambridge (Ontario)
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 October, the average price per sq.feet was $17,817. In November this price pretty much remained the same at a value of $17,784 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 51 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 4 % 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 $13,483.75 to $557 during February, and March.
Based upon to the price in Cambridge (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $741,819. In November This price remains at $731,839. During the following two months (December, January) the price has had an average incrementation from $736,829 to $827,711. 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 1 bedroom are the cheapest ones. At a price of $835,560 they are 56 % more affordable than the average price for Cambridge. The properties with the highest average price have 4 bedrooms, Their price is 95 % more costly than the average. After that we have properties with 3 bedrooms priced at $735,021.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $461 / sq.feet, with an average $560 / sq.feet price in Cambridge. The properties with the highest average prices have 4 bedrooms. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at $564 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $835,560 it is 32 % 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 $606,364 it is 36 % 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 $395 / sq.feet followed by "Condo" priced at $523 / sq.feet. "House" is the most costly type of property with a $576 / sq.feet cost followed by "Condo" with an average price of $523 / sq.feet.
