The prices in real estate in Windsor, in the Ontario region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Windsor has increased strongly during the last 6 months. In October, the average price per sq.feet was $350. In November this price pretty much remained the same at a value of $352 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 130 %. The price per sq.feet has had a considerable increase of 132 % 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 $403.75 to $531.5 during February, and March.
Based upon to the price in Windsor (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $456,177. In November This price remains at $449,867. During the following two months (December, January) the price has had an average incrementation from $453,022 to $514,686. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % 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 $551,469 they are 52 % more affordable than the average price for Windsor. The properties with the highest average price have 4 bedrooms, Their price is 35 % more costly than the average. After that we have properties with 3 bedrooms priced at $545,913.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $489 / sq.feet, with an average $513 / sq.feet price in Windsor. The properties with the highest average prices have 3 bedrooms. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $563 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $551,469 it is 34 % cheaper than the average price in Windsor. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $549,125 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $312 / sq.feet followed by "House" priced at $563 / sq.feet. "Duplex" is the most costly type of property with a $26,601 / sq.feet cost followed by "Office" with an average price of $2,924 / sq.feet.