The prices in real estate in Oro-medonte, 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 Oro-medonte has increased strongly during the last 6 months. In September, the average price per sq.feet was $766. In the following month the price per sq.feet increased considerably to $26,220. The price for the following two months in (November, December) had a considerable increment of 247 %. The price per sq.feet has had a considerable deflation of 4 % 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 $23,391 to $908.5 during January, and February.
Based upon to the price in Oro-medonte (cities), this has gone up considerably in the last 6 months. The price in September is $1,343,600, rising in October till $1,471,629. During the following two months (November, December) the price has had an average incrementation from $1,407,614.5 to $1,515,706. Based on an analysis of the first four prices and the last two months the average price has risen strongly 150 % 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 $1,787,612 they are 57 % more affordable than the average price for Oro-medonte. The properties with the lowest average price have 4 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,499,475.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $505 / sq.feet, with an average $901 / sq.feet price in Oro-medonte. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 3 bedrooms with a price at $805 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,787,612 it is 73 % cheaper than the average price in Oro-medonte. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,059,679 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $521 / sq.feet followed by "House" priced at $758 / sq.feet. "Land" is the most costly type of property with a $219,675 / sq.feet cost followed by "House" with an average price of $758 / sq.feet.