The prices in real estate in Georgetown, 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 Georgetown has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $872. In the following month the price per sq.feet decreased considerably to $683. The price for the following two months in (December, January) decreased 92 % with regard to the prior two months. The price per sq.feet has decreased 87 % 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 $745 to $650.5 during February, and March.
Based upon to the price in Georgetown (cities), these have remained the same in the last 6 months. The average price for October is $1,262,904. During November the price had a considerable reduction till $974,753. During the following two months (December, January) the average price had a considerable increase of 115 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,485,165 they are 28 % more affordable than the average price for Georgetown. The properties with the lowest average price have 1 bedroom, Their price is 27 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,071,526.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $27,889 / sq.feet, with an average $619 / sq.feet price in Georgetown. The properties with the highest average prices have 1 bedroom. They are 4428 % more expensive than the average followed by properties with 3 bedrooms with a price at $27,889 / sq.feet.
With regard to the average price based upon the property in Georgetown we can see that the cheapest property type is "House" at a price of $1,071,526, they are 28 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 28 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $27,889 / sq.feet. "House" at an average price of $27,889 / sq.feet has the most expensive price and would be directed at more affluent cities.