The prices in real estate in Ottawa, in the Illinois 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 Ottawa has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $138. In the following month the price per sq.feet decreased considerably to $108. The price for the following two months in (June, July) decreased 86 % with regard to the prior two months. The price per sq.feet has decreased 86 % 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 $114.5 to $98 during August, and September.
Based upon to the price in Ottawa (cities), this has gone up in the last 6 months. The price in April is $159,453, rising in May till $169,344. In the following two months the average price has remained the same with regard to the previous two months from $164,398.5 to $167,481.5. 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 $165,940 and $173,012 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $177,136 they are 34 % more affordable than the average price for Ottawa. The properties with the highest average price have 1 bedroom, Their price is 33 % more costly than the average. After that we have properties with 4 bedrooms priced at $228,883.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $95 / sq.feet, with an average $98 / sq.feet price in Ottawa. The properties with the highest average prices have 1 bedroom. They are 277 % more expensive than the average followed by properties with 2 bedrooms with a price at $104 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $177,136 it is 23 % cheaper than the average price in Ottawa. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Condo". At a price of $212,876 it is 54 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $75 / sq.feet followed by "Condo" priced at $101 / sq.feet. "Land" is the most costly type of property with a $457 / sq.feet cost followed by "House" with an average price of $103 / sq.feet.