The prices in real estate in Kingston, 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 Kingston has increased strongly during the last 6 months. In September, the average price per sq.feet was $463. In the following month the price per sq.feet increased considerably to $12,646. The price for the following two months in (November, December) had a considerable increment of 193 %. The price per sq.feet has had a considerable deflation of 5 % 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 $9,610 to $503 during January, and February.
Based upon to the price in Kingston (cities), these have remained the same in the last 6 months. The average price for September is $656,649. During October the price had a slight fall till $615,941. In the following two months the average price has remained the same with regard to the previous two months from $636,295 to $606,612.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $695,379 they are 60 % more affordable than the average price for Kingston. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 2 bedrooms priced at $621,490.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $412 / sq.feet, with an average $496 / sq.feet price in Kingston. The properties with the highest average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $565 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $695,379 it is 54 % cheaper than the average price in Kingston. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $537,000 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $481 / sq.feet followed by "Condo" priced at $521 / sq.feet. "Land" is the most costly type of property with a $118,327 / sq.feet cost followed by "Townhouse" with an average price of $75,978 / sq.feet.