The prices in real estate in Ottawa, in the Kansas 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 Ottawa has increased strongly during the last 6 months. In November, the average price per sq.feet was $91. In the following month the price per sq.feet decreased to $86. The price for the following two months in (January, February) had a considerable increment of 197 %. The price per sq.feet has had a considerable increase of 200 % 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 $131.25 to $263 during March, and April.
Based upon to the price in Ottawa (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $173,498. In December This price remains at $180,720. In the following two months the average price has remained the same with regard to the previous two months from $177,109 to $183,051.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % 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 $250,054 they are 75 % more affordable than the average price for Ottawa. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 3 bedrooms priced at $106,117.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $59 / sq.feet, with an average $259 / sq.feet price in Ottawa. The properties with the lowest average prices have 2 bedrooms. They are 66 % cheaper than the average followed by properties with 3 bedrooms with a price at $85 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $250,054 it is 55 % cheaper than the average price in Ottawa. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $148,725 it is 189 % 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 $86 / sq.feet followed by "Commercial" priced at $92 / sq.feet. "Townhouse" is the most costly type of property with a $311 / sq.feet cost followed by "Commercial" with an average price of $92 / sq.feet.