Property prices for sale in Midland (Ontario)
The prices in real estate in Midland, 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 Midland has increased during the last 6 months. In October, the average price per sq.feet was $435. In November this price pretty much remained the same at a value of $425 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $430 to $461.5 per sq.feet. The price per sq.feet has had a considerable increase of 125 % 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 $445.75 to $556 during February, and March.
Based upon to the price in Midland (cities), this has gone up considerably in the last 6 months. The average price for October is $568,970. During November the price had a slight fall till $528,685. During the following two months (December, January) the average price had a considerable increase of 119 % 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 130 % 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 $701,829 they are 58 % more affordable than the average price for Midland. The properties with the lowest average price have 4 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 3 bedrooms priced at $413,529.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $262 / sq.feet, with an average $559 / sq.feet price in Midland. The properties with the lowest average prices have 1 bedroom. They are 17 % cheaper than the average followed by properties with 4 bedrooms with a price at $337 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $701,829 it is 42 % cheaper than the average price in Midland. "House" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "House". At a price of $408,005 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $253 / sq.feet followed by "House" priced at $270 / sq.feet. "Land" is the most costly type of property with a $21,913 / sq.feet cost followed by "House" with an average price of $270 / sq.feet.
