The prices in real estate in Fonthill, 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 Fonthill has increased strongly during the last 6 months. In March, the average price per sq.feet was $502. In April this price pretty much remained the same at a value of $482 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 128 %. The price per sq.feet has had a considerable increase of 128 % 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 $561.5 to $719.5 during July, and August.
Based upon to the price in Fonthill (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $1,019,300. In April This price remains at $1,062,313. During the following two months (May, June) the price has had an average incrementation from $1,040,806.5 to $1,122,347.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $1,081,577 to $1,020,369 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,071,923 they are 37 % more affordable than the average price for Fonthill. The properties with the lowest average price have 1 bedroom, Their price is 37 % cheaper than the average. After that we have properties with 2 bedrooms priced at $672,545.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $314 / sq.feet, with an average $726 / sq.feet price in Fonthill. The properties with the lowest average prices have 1 bedroom. They are 56 % cheaper than the average followed by properties with 2 bedrooms with a price at $314 / sq.feet.
With regard to the average price based upon the property in Fonthill we can see that the cheapest property type is "House" at a price of $672,545, they are 37 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 37 % 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 $314 / sq.feet. "House" with an average cost of $314 / sq.feet has the lowest price and would be directed at less affluent cities.