Property prices for sale in Gloucester (Ontario)
The prices in real estate in Gloucester, in the Ontario region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Gloucester has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $708. In November this price pretty much remained the same at a value of $719 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $640 to $454 during February, and March.
Based upon to the price in Gloucester (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $811,560. In November This price remains at $820,371. During the following two months (December, January) the average price had a considerable reduction of 77 % 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 87 %, going from $720,530 to $628,127.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $627,275 they are 48 % more affordable than the average price for Gloucester. The properties with the lowest average price have 1 bedroom, Their price is 47 % cheaper than the average. After that we have properties with 2 bedrooms priced at $331,005.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $73,314 / sq.feet, with an average $415 / sq.feet price in Gloucester. The properties with the highest average prices have 1 bedroom. They are 17943 % more expensive than the average followed by properties with 2 bedrooms with a price at $74,505 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $627,275 it is 48 % cheaper than the average price in Gloucester. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Apartment". At a price of $325,738 it is 23 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Office" at an average cost of $72,944 / sq.feet followed by "Apartment" priced at $73,314 / sq.feet. "Condo" is the most costly type of property with a $175,310 / sq.feet cost followed by "Apartment" with an average price of $73,314 / sq.feet.
