The prices in real estate in Oakville, in the Ontario region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Oakville has remained the same in the last 6 months. In February, the average price per sq.feet was $610. In March this price pretty much remained the same at a value of $585 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $597.5 to $583 per sq.feet. The price per sq.feet has increased 105 % 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 $590.25 to $620.5 during June, and July.
Based upon to the price in Oakville (cities), this has fallen considerably in the last 6 months. The average price for February is $1,674,198. During March the price had a considerable reduction till $1,419,996. During the following two months (April, May) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $1,399,041.5 and $1,422,929 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,484,083 they are 65 % more affordable than the average price for Oakville. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $973,977.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $566 / sq.feet, with an average $599 / sq.feet price in Oakville. The properties with the highest average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $634 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,484,083 it is 59 % cheaper than the average price in Oakville. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $1,718,745 it is 90 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $545 / sq.feet followed by "House" priced at $625 / sq.feet. "Land" is the most costly type of property with a $606,974 / sq.feet cost followed by "Condo" with an average price of $666 / sq.feet.