The prices in real estate in Ottawa, 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 Ottawa has increased strongly during the last 6 months. In July, the average price per sq.feet was $37,139. In the following month the price per sq.feet increased to $40,410. The price for the following two months in (September, October) had a considerable increment of 176 %. The price per sq.feet has had a considerable increase of 155 % 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 $53,548.25 to $83,087 during November, and December.
Based upon to the price in Ottawa (cities), this has gone downing the last 6 months. In our first sample month during July, the average price is $652,227. In August This price remains at $623,288. In the following two months the average price has remained the same with regard to the previous two months from $637,757.5 to $611,475. During the last two months the average price has had a strong fall compared to the previous four going from $624,616.25 to $476,370, which means a 76 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $470,912 in Ottawa. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of ($87,404 / sq.feet) in Ottawa. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Ottawa we can see that the cheapest property type is "House" at a price of $470,912, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $87,404 / sq.feet. "House" with an average cost of $87,404 / sq.feet has the lowest price and would be directed at less affluent cities.