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 $737. In the following month the price per sq.feet increased considerably to $1,595. The price for the following two months in (May, June) had a considerable increment of 420 %. The price per sq.feet has had a considerable increase of 190 % 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 $3,034.25 to $5,765.5 during July, and August.
Based upon to the price in Montreal (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $643,999. In April This price remains at $658,467. In the following two months the average price has remained the same with regard to the previous two months from $651,233 to $673,472.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $662,352.75 to $572,388.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $558,457 they are 28 % more affordable than the average price for Montreal. The properties with the highest average price have 4 bedrooms, Their price is 105 % more costly than the average. After that we have properties with 3 bedrooms priced at $772,686.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $4,032 / sq.feet, with an average $5,658 / sq.feet price in Montreal. The properties with the lowest average prices have 2 bedrooms. They are 3 % cheaper than the average followed by properties with 1 bedroom with a price at $5,022 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $558,457 it is 84 % cheaper than the average price in Montreal. "Loft" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $762,240 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $587 / sq.feet followed by "Townhouse" priced at $3,870 / sq.feet. "Loft" is the most costly type of property with a $65,835 / sq.feet cost followed by "Land" with an average price of $11,946 / sq.feet.
