The prices in real estate in Newcastle, 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 Newcastle has increased strongly during the last 6 months. In September, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $634. The price for the following two months in (November, December) had a considerable increment of 237 %. The price per sq.feet has had a considerable increase of 185 % 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 $533.5 to $988 during January, and February.
Based upon to the price in Newcastle (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is . During October the price went through a considerable rise reaching $732,933. During the following two months (November, December) the average price had a considerable increase of 272 % 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 237 % during the last two months.