The prices in real estate in Kanata, 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 Kanata has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $207,110. In the following month the price per sq.feet decreased considerably to $166,110. The price for the following two months in (November, December) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $93,563.5 to $493 during January, and February.
Based upon to the price in Kanata (cities), this has fallen considerably in the last 6 months. The average price for September is $1,037,381. During October the price had a considerable reduction till $757,710. During the following two months (November, December) the average price had a considerable reduction of 74 % 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 93 %, going from $782,480 to $728,674 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $719,427 they are 14 % more affordable than the average price for Kanata. The properties with the lowest average price have 1 bedroom, Their price is 13 % cheaper than the average. After that we have properties with 3 bedrooms priced at $623,485.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $187,965 / sq.feet, with an average $467 / sq.feet price in Kanata. The properties with the highest average prices have 1 bedroom. They are 40555 % more expensive than the average followed by properties with 3 bedrooms with a price at $188,910 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $719,427 it is 14 % cheaper than the average price in Kanata. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Land". At a price of $617,274 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $187,025 / sq.feet followed by "Apartment" priced at $187,965 / sq.feet. "Apartment" is the most costly type of property with a $187,965 / sq.feet cost followed by "Land" with an average price of $187,025 / sq.feet.