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 November, the average price per sq.feet was $1,356. In the following month the price per sq.feet increased considerably to $4,718. The price for the following two months in (January, February) had a considerable increment of 152 %. The price per sq.feet has had a considerable deflation of 18 % 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 $3,833.5 to $679 during March, and April.
Based upon to the price in Montreal (cities), this has gone up considerably in the last 6 months. The price in November is $442,780, rising in December till $503,086. During the following two months (January, February) the price has had an average incrementation from $472,933 to $518,898. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % 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 $722,470 they are 46 % more affordable than the average price for Montreal. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at $815,999.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $526 / sq.feet, with an average $622 / sq.feet price in Montreal. The properties with the highest average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $603 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $722,470 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 "Loft" followed by "Apartment". At a price of $692,061 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $417 / sq.feet followed by "Condo" priced at $504 / sq.feet. "Townhouse" is the most costly type of property with a $67,380 / sq.feet cost followed by "House" with an average price of $36,918 / sq.feet.