Property prices for sale in Oakville (Ontario)
The prices in real estate in Oakville, 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 Oakville has increased strongly during the last 6 months. In October, the average price per sq.feet was $848. In the following month the price per sq.feet increased to $947. In the following two months the price per sq.feet has barely changed, going from $897.5 to $936 per sq.feet. 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 $916.75 to $1,085.5 during February, and March.
Based upon to the price in Oakville (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $800,382. During November the price went through a considerable rise reaching $1,644,386. During the following two months (December, January) the average price had a considerable increase of 144 % 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 206 % 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 $4,106,923 they are 85 % more affordable than the average price for Oakville. The properties with the lowest average price have 4 bedrooms, Their price is 27 % cheaper than the average. After that we have properties with 3 bedrooms priced at $2,355,742.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $1,031 / sq.feet, with an average $1,212 / sq.feet price in Oakville. The properties with the highest average prices have 3 bedrooms. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,118 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $4,106,923 it is 79 % cheaper than the average price in Oakville. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $4,106,923 it is 34 % 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 $60 / sq.feet followed by "Condo" priced at $1,031 / sq.feet. "Land" is the most costly type of property with a $1,248,517 / sq.feet cost followed by "House" with an average price of $1,212 / sq.feet.
