The prices in real estate in Hamilton, 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 Hamilton has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $12,808. In the following month the price per sq.feet decreased considerably to $417. The price for the following two months in (February, March) had a considerable decrease of 3 with regard to the prior two months. The price per sq.feet has had a considerable increase of 405 % 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 $3,400.75 to $13,773 during April, and May.
Based upon to the price in Hamilton (cities), this has gone downing the last 6 months. The price in December is $579,308, rising in January till $641,501. During the following two months (February, March) the average price had a considerable reduction of 56 % 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 risen strongly 143 % 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 $685,238 they are 47 % more affordable than the average price for Hamilton. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $606,513.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $343 / sq.feet, with an average $27,154 / sq.feet price in Hamilton. The properties with the lowest average prices have 1 bedroom. They are 98 % cheaper than the average followed by properties with 2 bedrooms with a price at $437 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $685,238 it is 42 % cheaper than the average price in Hamilton. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $639,577 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $414 / sq.feet followed by "Condo" priced at $427 / sq.feet. "House" is the most costly type of property with a $27,946 / sq.feet cost followed by "Apartment" with an average price of $5,416 / sq.feet.