Property prices for sale in Chatham (Ontario)

The prices in real estate in Chatham, 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.

$468,393.5
Average price last 6 months
$39,123.33
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Chatham has increased strongly during the last 6 months. In September, the average price per sq.feet was $336. In the following month the price per sq.feet increased considerably to $90,326. The price for the following two months in (November, December) had a considerable increment of 158 %. 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 $58,437.25 to $495.5 during January, and February.

Average price

Based upon to the price in Chatham (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $469,700. In October This price remains at $470,728. In the following two months the average price has remained the same with regard to the previous two months from $470,214 to $460,532. 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 $465,373 and $474,434.5 between January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $500,358 they are 42 % more affordable than the average price for Chatham. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 1 bedroom priced at $344,793.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $3,879 / sq.feet, with an average $522 / sq.feet price in Chatham. The properties with the highest average prices have 1 bedroom. They are 31068 % more expensive than the average followed by properties with 2 bedrooms with a price at $124,861 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $500,358 it is 44 % cheaper than the average price in Chatham. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Land". At a price of $281,342 it is 43 % more affordable than the average price.

According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $119,943 / sq.feet followed by "Apartment" priced at $120,548 / sq.feet. "Apartment" is the most costly type of property with a $120,548 / sq.feet cost followed by "Land" with an average price of $119,943 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Chatham
Number of properties used in region Ontario
$500,358
$522
274
470,264
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value