The prices in real estate in Hamilton, 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 Hamilton has increased strongly during the last 6 months. In September, the average price per sq.feet was $1,459. In the following month the price per sq.feet increased considerably to $3,324. The price for the following two months in (November, December) had a considerable increment of 277 %. The price per sq.feet has had a considerable deflation of 9 % 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 $4,502.5 to $397.5 during January, and February.
Based upon to the price in Hamilton (cities), this has gone downing the last 6 months. The average price for September is $650,998. During October the price had a slight fall till $610,367. During the following two months (November, December) the average price fell 91 % 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 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $679,746 they are 38 % more affordable than the average price for Hamilton. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $578,893.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $356 / sq.feet, with an average $378 / sq.feet price in Hamilton. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $408 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $679,746 it is 40 % cheaper than the average price in Hamilton. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $640,859 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial" at an average cost of $416 / sq.feet followed by "Apartment" priced at $447 / sq.feet. "House" is the most costly type of property with a $1,906 / sq.feet cost followed by "Apartment" with an average price of $447 / sq.feet.