The prices in real estate in Richmond Hill, in the Ontario region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Richmond Hill has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $5,205. In the following month the price per sq.feet decreased considerably to $694. The price for the following two months in (February, March) had a considerable decrease of 12 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 37 % 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 $1,652.5 to $612 during April, and May.
Based upon to the price in Richmond Hill (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is $658,649. During January the price went through a considerable rise reaching $795,895. During the following two months (February, March) the average price had a considerable reduction of 46 % 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 risen strongly 221 % during the last two months.
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 $1,121,012 in Richmond Hill. 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 ($620 / sq.feet) in Richmond Hill. 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 Richmond Hill we can see that the cheapest property type is "House" at a price of $1,121,012, 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 $620 / sq.feet. "House" with an average cost of $620 / sq.feet has the lowest price and would be directed at less affluent cities.