The prices in real estate in London, in the Ontario region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in London has increased during the last 6 months. In July, the average price per sq.feet was $409. In August this price pretty much remained the same at a value of $421 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $415 to $440.5 per sq.feet. The price per sq.feet has increased 108 % 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 $427.75 to $461 during November, and December.
Based upon to the price in London (cities), this has gone up in the last 6 months. The average price for July is $652,701. During August the price had a slight fall till $583,582. During the following two months (September, October) the price has had an average incrementation from $618,141.5 to $706,305. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % 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 $909,453 they are 57 % more affordable than the average price for London. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $603,214.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $407 / sq.feet, with an average $473 / sq.feet price in London. The properties with the highest average prices have 4 bedrooms. They are 7 % more expensive than the average followed by properties with 1 bedroom with a price at $499 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $909,453 it is 44 % cheaper than the average price in London. "Duplex" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $724,950 it is 340 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $376 / sq.feet followed by "House" priced at $442 / sq.feet. "Condo" is the most costly type of property with a $389,049 / sq.feet cost followed by "Duplex" with an average price of $52,674 / sq.feet.