The prices in real estate in Richmond Hill, 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 Richmond Hill has increased strongly during the last 6 months. In September, the average price per sq.feet was $2,782. In the following month the price per sq.feet increased considerably to $34,920. The price for the following two months in (November, December) decreased 87 % with regard to the prior two months. 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 $17,609 to $702.5 during January, and February.
Based upon to the price in Richmond Hill (cities), this has gone up in the last 6 months. The price in September is $602,290, rising in October till $632,822. During the following two months (November, December) the price has had an average incrementation from $617,556 to $654,077.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 $669,099 they are 0 % more affordable than the average price for Richmond Hill. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 1 bedroom priced at $669,099.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $711 / sq.feet, with an average $711 / sq.feet price in Richmond Hill. The properties with the highest average prices have 4 bedrooms. They are 2 % more expensive than the average followed by properties with 1 bedroom with a price at $711 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $669,099 it is 0 % cheaper than the average price in Richmond Hill. "Office" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of $669,099 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $711 / sq.feet followed by "Office" priced at $723 / sq.feet. "Office" is the most costly type of property with a $723 / sq.feet cost followed by "House" with an average price of $711 / sq.feet.