Property prices for sale in Orillia (Ontario)
The prices in real estate in Orillia, 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 Orillia has increased strongly during the last 6 months. In October, the average price per sq.feet was $507. In November this price pretty much remained the same at a value of $495 per sq.feet. In the following two months the price per sq.feet has increased 112 %, going from $501 to $559.5 per sq.feet. The price per sq.feet has had a considerable increase of 142 % 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 $530.25 to $755 during February, and March.
Based upon to the price in Orillia (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $693,273. In November This price remains at $666,935. During the following two months (December, January) the price has had an average incrementation from $680,104 to $760,500.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % 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 $942,521 they are 38 % more affordable than the average price for Orillia. The properties with the lowest average price have 4 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 3 bedrooms priced at $704,557.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $472 / sq.feet, with an average $839 / sq.feet price in Orillia. The properties with the lowest average prices have 1 bedroom. They are 18 % cheaper than the average followed by properties with 4 bedrooms with a price at $508 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $942,521 it is 47 % cheaper than the average price in Orillia. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $678,452 it is 27 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $263 / sq.feet followed by "House" priced at $447 / sq.feet. "Apartment" is the cheapest type of property with a $573 / sq.feet value followed by "Condo" with an average price of $532 / sq.feet.
