The prices in real estate in London, 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 London has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $109,336. In the following month the price per sq.feet decreased considerably to $65,012. The price for the following two months in (November, December) had a considerable decrease of 69 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % 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 $73,531.75 to $50,293.5 during January, and February.
Based upon to the price in London (cities), this has gone up in the last 6 months. The price in September is $524,764, rising in October till $599,458. In the following two months the average price has remained the same with regard to the previous two months from $562,111 to $566,192.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $564,151.75 and $573,509 between January and February.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 9 % cheaper than the average price of $561,978 in London. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 9 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 46 % cheaper than the average price of ($25,351 / sq.feet) in London. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 46 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $616,622 it is 14 % cheaper than the average price in London. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $529,865 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $25,351 / sq.feet followed by "Commercial" priced at $53,910 / sq.feet. "Commercial" is the most costly type of property with a $53,910 / sq.feet cost followed by "House" with an average price of $25,351 / sq.feet.