The prices in real estate in London, in the Ontario region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in London has fallen in the last 6 months. In August, the average price per sq.feet was $503. In the following month the price per sq.feet decreased to $477. In the following two months the price per sq.feet has barely changed, going from $490 to $470 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $480 to $465 during December y January
Based upon to the price in London (cities), these have remained the same in the last 6 months. The price in August is $756,662, rising in September till $822,158. In the following two months the average price has remained the same with regard to the previous two months from $789,410 to $797,418.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $793,414.25 to $729,761 in December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $713,914 they are 56 % more affordable than the average price for London. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $667,640.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $421 / sq.feet, with an average $466 / sq.feet price in London. The properties with the highest average prices have 3 bedrooms. They are 2 % more expensive than the average followed by properties with 4 bedrooms with a price at $471 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $713,914 it is 37 % cheaper than the average price in London. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $724,583 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $361 / sq.feet followed by "House" priced at $434 / sq.feet. "Townhouse" is the most costly type of property with a $200,780 / sq.feet cost followed by "Duplex" with an average price of $51,985 / sq.feet.