The prices in real estate in Cambridge, 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 Cambridge has increased strongly during the last 6 months. In February, the average price per sq.feet was $13,159. In the following month the price per sq.feet increased considerably to $146,354. The price for the following two months in (April, May) had a considerable decrease of 1 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $40,190 to $553.5 during June, and July.
Based upon to the price in Cambridge (cities), this has gone up considerably in the last 6 months. The price in February is $1,159,275, rising in March till $1,296,483. In the following two months the average price has remained the same with regard to the previous two months from $1,227,879 to $1,275,046.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % 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 $1,500,836 they are 76 % more affordable than the average price for Cambridge. The properties with the lowest average price have 4 bedrooms, Their price is 50 % cheaper than the average. After that we have properties with 3 bedrooms priced at $664,046.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $386 / sq.feet, with an average $599 / sq.feet price in Cambridge. The properties with the lowest average prices have 4 bedrooms. They are 20 % cheaper than the average followed by properties with 3 bedrooms with a price at $478 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,500,836 it is 62 % 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 $817,587 it is 291 % 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 $410 / sq.feet followed by "House" priced at $469 / sq.feet. "Land" is the most costly type of property with a $588,958 / sq.feet cost followed by "Apartment" with an average price of $491 / sq.feet.