Property prices for sale in Montreal (Quebec)
The prices in real estate in Montreal, in the Quebec 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 Montreal has increased strongly during the last 6 months. In March, the average price per sq.feet was $877. In the following month the price per sq.feet increased considerably to $1,124. The price for the following two months in (May, June) had a considerable increment of 144 %. The price per sq.feet has had a considerable deflation of 52 % 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 $1,221 to $631 during July, and August.
Based upon to the price in Montreal (cities), this has gone up in the last 6 months. The price in March is $555,177, rising in April till $585,469. During the following two months (May, June) the price has had an average incrementation from $570,323 to $618,055. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $694,161 they are 34 % more affordable than the average price for Montreal. The properties with the highest average price have 4 bedrooms, Their price is 85 % more costly than the average. After that we have properties with 3 bedrooms priced at $877,056.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $662 / sq.feet, with an average $660 / sq.feet price in Montreal. The properties with the highest average prices have 4 bedrooms. They are 424 % more expensive than the average followed by properties with 1 bedroom with a price at $1,460 / sq.feet.
The graph displaying the average prices displays the property type "Loft" as the most affordable one. At an cost of $694,161 it is 57 % cheaper than the average price in Montreal. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $765,518 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $650 / sq.feet followed by "Condo" priced at $681 / sq.feet. "Loft" is the most costly type of property with a $65,043 / sq.feet cost followed by "Duplex" with an average price of $11,538 / sq.feet.
