Property prices for sale in Kitchener (Ontario)
The prices in real estate in Kitchener, 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 Kitchener has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $54,837. In the following month the price per sq.feet increased to $59,200. The price for the following two months in (December, January) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $43,455.75 to $561 during February, and March.
Based upon to the price in Kitchener (cities), these have remained the same in the last 6 months. The average price for October is $778,363. During November the price had a slight fall till $727,686. During the following two months (December, January) the price has had an average incrementation from $753,024.5 to $807,606.5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $809,936 they are 45 % more affordable than the average price for Kitchener. The properties with the highest average price have 4 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 3 bedrooms priced at $759,780.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $505 / sq.feet, with an average $546 / sq.feet price in Kitchener. The properties with the highest average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 4 bedrooms with a price at $584 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $809,936 it is 45 % cheaper than the average price in Kitchener. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $1,103,883 it is 1108 % 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 $531 / sq.feet followed by "House" priced at $558 / sq.feet. "Townhouse" is the most costly type of property with a $8,456,759 / sq.feet cost followed by "Office" with an average price of $73,257 / sq.feet.
