The prices in real estate in Sudbury, in the Ontario region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Sudbury has fallen in the last 6 months. In April, the average price per sq.feet was $90,569. In the following month the price per sq.feet increased considerably to $114,400. In the following two months the price per sq.feet has barely changed, going from $102,484.5 to $107,152 per sq.feet. The price per sq.feet has had a considerable deflation of 43 % 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 $104,818.25 to $45,535.5 during August, and September.
Based upon to the price in Sudbury (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $395,459. In May This price remains at $393,584. During the following two months (June, July) the price has had an average incrementation from $394,521.5 to $441,252. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $417,886.75 to $383,252 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $406,476 they are 33 % more affordable than the average price for Sudbury. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $448,426.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $27,289 / sq.feet, with an average $44,593 / sq.feet price in Sudbury. The properties with the highest average prices have 1 bedroom. They are 101 % more expensive than the average followed by properties with 3 bedrooms with a price at $35,909 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $406,476 it is 39 % cheaper than the average price in Sudbury. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $293,156 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $7,846 / sq.feet followed by "Commercial" priced at $54,809 / sq.feet. "Condo" is the most costly type of property with a $110,827 / sq.feet cost followed by "House" with an average price of $71,764 / sq.feet.