Property prices for sale in Newmarket (Ontario)
The prices in real estate in Newmarket, 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 Newmarket has increased strongly during the last 6 months. In October, the average price per sq.feet was $635. In the following month the price per sq.feet increased considerably to $867. In the following two months the price per sq.feet has barely changed, going from $751 to $731 per sq.feet. The price per sq.feet has had a considerable increase of 128 % 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 $741 to $948 during February, and March.
Based upon to the price in Newmarket (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $784,114. During November the price went through a considerable rise reaching $1,025,520. In the following two months the average price has remained the same with regard to the previous two months from $904,817 to $871,889. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,076,496 they are 39 % more affordable than the average price for Newmarket. The properties with the highest average price have 4 bedrooms, Their price is 62 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,034,750.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $924 / sq.feet, with an average $1,139 / sq.feet price in Newmarket. The properties with the highest average prices have 1 bedroom. They are 88 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,321 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,076,496 it is 46 % cheaper than the average price in Newmarket. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $841,215 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $367 / sq.feet followed by "Townhouse" priced at $424 / sq.feet. "Condo" is the most costly type of property with a $1,223 / sq.feet cost followed by "House" with an average price of $1,094 / sq.feet.
