Property prices for sale in North Bay (Ontario)
The prices in real estate in North Bay, 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 North Bay has increased strongly during the last 6 months. In October, the average price per sq.feet was $293. In November this price pretty much remained the same at a value of $280 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from $286.5 to $301.5 per sq.feet. The price per sq.feet has had a considerable increase of 1135 % 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 $294 to $3,337.5 during February, and March.
Based upon to the price in North Bay (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $337,015. In November This price remains at $335,647. During the following two months (December, January) the average price had a considerable increase of 150 % 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 138 % 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 $569,700 they are 57 % more affordable than the average price for North Bay. The properties with the lowest average price have 2 bedrooms, Their price is 31 % cheaper than the average. After that we have properties with 4 bedrooms priced at $352,733.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $297 / sq.feet, with an average $6,392 / sq.feet price in North Bay. The properties with the highest average prices have 3 bedrooms. They are 175 % more expensive than the average followed by properties with 4 bedrooms with a price at $12,096 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $569,700 it is 55 % cheaper than the average price in North Bay. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $256,568 it is 40 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $105,501 / sq.feet followed by "Condo" priced at $125,253 / sq.feet. "Apartment" is the most costly type of property with a $125,883 / sq.feet cost followed by "Condo" with an average price of $125,253 / sq.feet.
