The prices in real estate in Etobicoke, 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 Etobicoke has increased strongly during the last 6 months. In November, the average price per sq.feet was $34,974. In the following month the price per sq.feet decreased considerably to $5,452. The price for the following two months in (January, February) had a considerable increment of 547 %. The price per sq.feet has had a considerable increase of 361 % 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 $65,348.75 to $235,624.5 during March, and April.
Based upon to the price in Etobicoke (cities), these have remained the same in the last 6 months. The average price for November is $660,707. During December the price had a slight fall till $565,580. During the following two months (January, February) the average price had a considerable increase of 130 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $705,879.75 to $627,390 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $658,593 they are 17 % more affordable than the average price for Etobicoke. The properties with the highest average price have 4 bedrooms, Their price is 62 % more costly than the average. After that we have properties with 3 bedrooms priced at $703,338.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $168,714 / sq.feet, with an average $195,448 / sq.feet price in Etobicoke. The properties with the highest average prices have 4 bedrooms. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at $263,306 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $658,593 it is 12 % cheaper than the average price in Etobicoke. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $621,100 it is 40 % 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 $165,896 / sq.feet followed by "House" priced at $223,373 / sq.feet. "Condo" is the most costly type of property with a $306,930 / sq.feet cost followed by "House" with an average price of $223,373 / sq.feet.