Property prices for sale in Niagara-on-the-lake (Ontario)
The prices in real estate in Niagara-on-the-lake, in the Ontario region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Niagara-on-the-lake has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $216,983. In the following month the price per sq.feet increased considerably to $421,550. The price for the following two months in (December, January) had a considerable decrease of 32 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $211,341.5 to $1,331 during February, and March.
Based upon to the price in Niagara-on-the-lake (cities), this has gone up considerably in the last 6 months. The price in October is $1,834,094, rising in November till $2,046,186. During the following two months (December, January) the average price had a considerable increase of 142 % 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 116 % 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 $2,659,593 they are 72 % more affordable than the average price for Niagara-on-the-lake. The properties with the lowest average price have 1 bedroom, Their price is 25 % cheaper than the average. After that we have properties with 4 bedrooms priced at $1,402,088.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $447 / sq.feet, with an average $1,491 / sq.feet price in Niagara-on-the-lake. The properties with the highest average prices have 1 bedroom. They are 123 % more expensive than the average followed by properties with 4 bedrooms with a price at $615 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,659,593 it is 67 % cheaper than the average price in Niagara-on-the-lake. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $876,800 it is 62 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $495 / sq.feet followed by "Townhouse" priced at $563 / sq.feet. "Townhouse" is the cheapest type of property with a $563 / sq.feet value followed by "House" with an average price of $495 / sq.feet.
