Property prices for sale in Ottawa (Ontario)
The prices in real estate in Ottawa, in the Ontario region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Ottawa has increased during the last 6 months. In October, the average price per sq.feet was $493. In November this price pretty much remained the same at a value of $488 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 120 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $539 to $530.5 during February y March
Based upon to the price in Ottawa (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $655,575. In November This price remains at $648,090. During the following two months (December, January) the average price had a considerable increase of 119 % 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 gone up 112 % 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 $778,013 they are 50 % more affordable than the average price for Ottawa. The properties with the highest average price have 4 bedrooms, Their price is 42 % more costly than the average. After that we have properties with 3 bedrooms priced at $808,325.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $553 / sq.feet, with an average $570 / sq.feet price in Ottawa. The properties with the highest average prices have 4 bedrooms. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $624 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $778,013 it is 44 % cheaper than the average price in Ottawa. "Commercial" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Duplex". At a price of $1,197,005 it is 112 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $571 / sq.feet followed by "House" priced at $976 / sq.feet. "Duplex" is the most costly type of property with a $274,407 / sq.feet cost followed by "Commercial" with an average price of $141,949 / sq.feet.
