Property prices for sale in Chatham (Ontario)
The prices in real estate in Chatham, 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 Chatham has fallen in the last 6 months. In March, the average price per sq.feet was $531. In the following month the price per sq.feet increased to $568. The price for the following two months in (May, June) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has decreased 87 % 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 $504.25 to $436.5 during July, and August.
Based upon to the price in Chatham (cities), this has gone up considerably in the last 6 months. The price in March is $509,909, rising in April till $560,812. During the following two months (May, June) the average price had a considerable increase of 125 % with regard to the previous two months. 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 $601,009.75 and $588,088.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $569,000 they are 49 % more affordable than the average price for Chatham. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 1 bedroom priced at $344,448.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $3,855 / sq.feet, with an average $431 / sq.feet price in Chatham. The properties with the highest average prices have 1 bedroom. They are 37611 % more expensive than the average followed by properties with 2 bedrooms with a price at $124,736 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $569,000 it is 51 % 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 $279,655 it is 51 % 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 $119,223 / sq.feet followed by "Apartment" priced at $119,823 / sq.feet. "Apartment" is the most costly type of property with a $119,823 / sq.feet cost followed by "Land" with an average price of $119,223 / sq.feet.
