Property prices for sale in King (Ontario)
The prices in real estate in King, 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 King has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,903. In the following month the price per sq.feet increased considerably to $32,451. The price for the following two months in (December, January) had a considerable decrease of 48 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 7 % 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 $12,730.75 to $870.5 during February, and March.
Based upon to the price in King (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $1,268,488. During November the price went through a considerable rise reaching $2,606,501. During the following two months (December, January) the average price had a considerable reduction of 81 % 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 146 % 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 $3,981,694 they are 86 % more affordable than the average price for King. The properties with the lowest average price have 4 bedrooms, Their price is 31 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,936,898.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $815 / sq.feet, with an average $839 / sq.feet price in King. The properties with the highest average prices have 4 bedrooms. They are 2628 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,730 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $3,981,694 it is 77 % cheaper than the average price in King. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $2,867,142 it is 92 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $167 / sq.feet followed by "Condo" priced at $912 / sq.feet. "Land" is the most costly type of property with a $242,203 / sq.feet cost followed by "House" with an average price of $53,227 / sq.feet.
