Property prices for sale in The Blue Mountains (Ontario)
The prices in real estate in The Blue Mountains, 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 The Blue Mountains has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $925. In November this price pretty much remained the same at a value of $902 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 85 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 85 % 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 $843 to $713 during February, and March.
Based upon to the price in The Blue Mountains (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $1,969,420. In November This price remains at $1,952,310. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $1,872,659.75 to $1,774,984.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,836,038 they are 79 % more affordable than the average price for The Blue Mountains. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,377,192.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $677 / sq.feet, with an average $684 / sq.feet price in The Blue Mountains. The properties with the highest average prices have 4 bedrooms. They are 317 % more expensive than the average followed by properties with 2 bedrooms with a price at $977 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,836,038 it is 15 % cheaper than the average price in The Blue Mountains. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $1,554,090 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $919 / sq.feet followed by "Apartment" priced at $989 / sq.feet. "Apartment" is the most costly type of property with a $989 / sq.feet cost followed by "House" with an average price of $919 / sq.feet.
