The prices in real estate in Mississauga, 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 Mississauga has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $545. In February this price pretty much remained the same at a value of $525 per sq.feet. The price for the following two months in (March, April) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable increase of 140 % 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 $401 to $561 during May, and June.
Based upon to the price in Mississauga (cities), this has fallen considerably in the last 6 months. The average price for January is $783,339. During February the price had a slight fall till $700,527. During the following two months (March, April) the average price had a considerable reduction of 56 % 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 146 % 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 $821,314 they are 47 % more affordable than the average price for Mississauga. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 3 bedrooms priced at $729,375.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $498 / sq.feet, with an average $549 / sq.feet price in Mississauga. The properties with the highest average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $585 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $821,314 it is 34 % cheaper than the average price in Mississauga. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $814,228 it is 70 % 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 $497 / sq.feet followed by "Apartment" priced at $541 / sq.feet. "House" is the most costly type of property with a $606 / sq.feet cost followed by "Condo" with an average price of $545 / sq.feet.