Property prices for sale in Thunder Bay (Ontario)
The prices in real estate in Thunder Bay, 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 Thunder Bay has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $9,123. In November this price pretty much remained the same at a value of $9,245 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 22 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 6 % 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 $5,601.5 to $319.5 during February, and March.
Based upon to the price in Thunder Bay (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $316,132. In November This price remains at $331,310. During the following two months (December, January) the price has had an average incrementation from $323,721 to $351,850. Based on an analysis of the first four prices and the last two months the average price has risen strongly 128 % 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 $472,521 they are 61 % more affordable than the average price for Thunder Bay. The properties with the lowest average price have 4 bedrooms, Their price is 25 % cheaper than the average. After that we have properties with 3 bedrooms priced at $331,230.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $245 / sq.feet, with an average $338 / sq.feet price in Thunder Bay. The properties with the lowest average prices have 1 bedroom. They are 3 % cheaper than the average followed by properties with 2 bedrooms with a price at $309 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $472,521 it is 70 % cheaper than the average price in Thunder Bay. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $304,725 it is 27 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $271 / sq.feet followed by "Condo" priced at $276 / sq.feet. "Land" is the most costly type of property with a $12,668 / sq.feet cost followed by "Condo" with an average price of $276 / sq.feet.
