The prices in real estate in Erin, 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 Erin has increased strongly during the last 6 months. In September, the average price per sq.feet was $1,067. In the following month the price per sq.feet increased considerably to $5,209. The price for the following two months in (November, December) had a considerable increment of 169 %. The price per sq.feet has had a considerable deflation of 24 % 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 $4,217.5 to $1,027.5 during January, and February.
Based upon to the price in Erin (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $1,691,566. In October This price remains at $1,772,199. In the following two months the average price has remained the same with regard to the previous two months from $1,731,882.5 to $1,756,283. Based on an analysis of the first four prices and the last two months the average price has risen strongly 150 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,573,750 they are 60 % more affordable than the average price for Erin. The properties with the lowest average price have 1 bedroom, Their price is 60 % cheaper than the average. After that we have properties with 2 bedrooms priced at $1,021,297.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $390 / sq.feet, with an average $1,160 / sq.feet price in Erin. The properties with the lowest average prices have 1 bedroom. They are 66 % cheaper than the average followed by properties with 2 bedrooms with a price at $390 / sq.feet.
With regard to the average price based upon the property in Erin we can see that the cheapest property type is "House" at a price of $1,021,297, they are 60 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 60 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $390 / sq.feet. "House" with an average cost of $390 / sq.feet has the lowest price and would be directed at less affluent cities.