The prices in real estate in Richmond Hill, in the Ontario region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Richmond Hill has remained the same in the last 6 months. In February, the average price per sq.feet was $580. In March this price pretty much remained the same at a value of $567 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $573.5 to $574 per sq.feet. The price per sq.feet has increased 108 % 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 $573.75 to $618.5 during June, and July.
Based upon to the price in Richmond Hill (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $1,248,019. In March This price remains at $1,208,512. During the following two months (April, May) the average price fell 94 % 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 113 % 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 $1,360,693 they are 63 % more affordable than the average price for Richmond Hill. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $942,262.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $522 / sq.feet, with an average $599 / sq.feet price in Richmond Hill. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $633 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,360,693 it is 59 % cheaper than the average price in Richmond Hill. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $959,006 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $530 / sq.feet followed by "House" priced at $540 / sq.feet. "Condo" is the most costly type of property with a $742 / sq.feet cost followed by "Apartment" with an average price of $653 / sq.feet.