The prices in real estate in Milton, 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 Milton has increased strongly during the last 6 months. In September, the average price per sq.feet was $482. In the following month the price per sq.feet increased considerably to $658. The price for the following two months in (November, December) had a considerable increment of 121 %. The price per sq.feet has had a considerable increase of 121 % 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 $631.25 to $766.5 during January, and February.
Based upon to the price in Milton (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $840,109. During October the price went through a considerable rise reaching $1,077,577. During the following two months (November, December) the average price had a considerable increase of 116 % 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 135 % 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 $1,422,572 they are 58 % more affordable than the average price for Milton. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,065,653.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $610 / sq.feet, with an average $804 / sq.feet price in Milton. The properties with the highest average prices have 1 bedroom. They are 55 % more expensive than the average followed by properties with 4 bedrooms with a price at $690 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,422,572 it is 64 % cheaper than the average price in Milton. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $828,668 it is 6 % 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 $405 / sq.feet followed by "Condo" priced at $534 / sq.feet. "House" is the cheapest type of property with a $707 / sq.feet value followed by "Apartment" with an average price of $601 / sq.feet.