Property prices for sale in Montreal (Quebec)
The prices in real estate in Montreal, in the Quebec 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 Montreal has increased strongly during the last 6 months. In October, the average price per sq.feet was $665. In November this price pretty much remained the same at a value of $671 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 202 %. The price per sq.feet has had a considerable increase of 118 % 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 $1,009.75 to $1,190.5 during February, and March.
Based upon to the price in Montreal (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $609,388. In November This price remains at $579,184. In the following two months the average price has remained the same with regard to the previous two months from $594,286 to $595,363.5. 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 $594,824.75 and $568,820 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 $555,177 they are 24 % more affordable than the average price for Montreal. The properties with the highest average price have 4 bedrooms, Their price is 96 % more costly than the average. After that we have properties with 3 bedrooms priced at $769,567.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $2,432 / sq.feet, with an average $877 / sq.feet price in Montreal. The properties with the highest average prices have 1 bedroom. They are 271 % more expensive than the average followed by properties with 4 bedrooms with a price at $3,008 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $555,177 it is 46 % cheaper than the average price in Montreal. "Loft" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $765,518 it is 39 % 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 $554 / sq.feet followed by "Townhouse" priced at $3,842 / sq.feet. "Loft" is the most costly type of property with a $65,373 / sq.feet cost followed by "Duplex" with an average price of $11,538 / sq.feet.
