The rent prices in real estate in Belleville, in the Ontario region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Belleville has fallen during the last 6 months. In October, the average price per sq.feet was $3.23. In the following month the price per sq.feet fell to $2.84. In the following two months the price per sq.feet has practically remained the same, going from $3.04 to $2.91 per sq.feet. The price per sq.feet has fallen 85 % 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 $2.97 to $2.54 during February, and March.
When referring to the price in Belleville (cities), there have hardly been any changes in the last 6 months. The average price for October is $1,705. During November the price had a slight fall till $1,607. In the following two months the average price has hardly changed with regard to the previous two months from $1,656 to $1,694. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,675 and $1,641 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,637 they are 36 % more affordable than the average price for Belleville . The properties with the highest average price have 3 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,771.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.38 / sq.feet, with an average $2.48 / sq.feet price in Belleville. The properties with the most expensive average prices have 4 bedrooms. They are 28731 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.91 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,637 it is 36 % more affordable than the average price in Belleville. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,455 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $290 / sq.feet followed by "House" priced at $715 / sq.feet. "Condo" is the most expensive type of property with a $1,120 / sq.feet value followed by "House" with an average price of $715 / sq.feet.