Property prices for sale in Sault Ste. Marie (Ontario)
The prices in real estate in Sault Ste. Marie, 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 Sault Ste. Marie has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $20,677. In the following month the price per sq.feet decreased considerably to $13,425. The price for the following two months in (December, January) had a considerable decrease of 21 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 2 % 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 $10,332.75 to $257.5 during February, and March.
Based upon to the price in Sault Ste. Marie (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $339,545. In November This price remains at $341,053. During the following two months (December, January) the price has had an average incrementation from $340,299 to $378,266. Based on an analysis of the first four prices and the last two months the average price has risen strongly 134 % 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 $505,748 they are 76 % more affordable than the average price for Sault Ste. Marie. The properties with the lowest average price have 4 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 3 bedrooms priced at $403,519.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $173 / sq.feet, with an average $247 / sq.feet price in Sault Ste. Marie. The properties with the highest average prices have 4 bedrooms. They are 409 % more expensive than the average followed by properties with 3 bedrooms with a price at $302 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $505,748 it is 66 % cheaper than the average price in Sault Ste. Marie. "House" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $269,675 it is 33 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $341 / sq.feet followed by "House" priced at $23,784 / sq.feet. "Condo" is the most costly type of property with a $43,436 / sq.feet cost followed by "House" with an average price of $23,784 / sq.feet.
