Property prices for sale in Cumberland (Ontario)
The prices in real estate in Cumberland, 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 Cumberland has increased strongly during the last 6 months. In November, the average price per sq.feet was $382. In the following month the price per sq.feet increased considerably to $447. In the following two months the price per sq.feet has increased 106 %, going from $414.5 to $438.5 per sq.feet. The price per sq.feet has increased 112 % 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 $426.5 to $479.5 during March, and April.
Based upon to the price in Cumberland (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $918,700. In December This price remains at $880,506. During the following two months (January, February) the average price fell 88 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
