Property prices for sale in Hamilton (Ontario)
The prices in real estate in Hamilton, in the Ontario region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Hamilton has increased during the last 6 months. In October, the average price per sq.feet was $9,406. In the following month the price per sq.feet increased considerably to $35,213. The price for the following two months in (December, January) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 4 % 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 $15,382.75 to $583.5 during February, and March.
Based upon to the price in Hamilton (cities), these have remained the same in the last 6 months. The price in October is $957,015, rising in November till $1,015,495. In the following two months the average price has remained the same with regard to the previous two months from $986,255 to $1,000,595.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $993,425.25 and $954,504 between 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 $932,164 they are 54 % more affordable than the average price for Hamilton. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $797,293.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $578 / sq.feet, with an average $598 / sq.feet price in Hamilton. The properties with the highest average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $625 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $932,164 it is 44 % cheaper than the average price in Hamilton. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $970,164 it is 237 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $356 / sq.feet followed by "Duplex" priced at $376 / sq.feet. "Land" is the most costly type of property with a $436,605 / sq.feet cost followed by "Condo" with an average price of $603 / sq.feet.
