Property prices for rent in Fredericton (New Brunswick)
The rent prices in real estate in Fredericton, in the New Brunswick region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Fredericton has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.04. In the following month the price per sq.feet rose considerably to $1.4. The price for the following two months in (December, January) had a considerable rise of 155 %. The price per sq.feet has had a considerable rise of 265 % 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 $1.56 to $4.12 during February, and March.
When referring to the price in Fredericton (cities), this has risen considerably in the last 6 months. The rent price in October is $899, rising in November till $975. During the following two months (December, January) the average price had a considerable rise of 139 % 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 had a strong increase of 138 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,578 they are 29 % more affordable than the average price for Fredericton . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,402.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.21 / sq.feet, with an average $6.02 / sq.feet price in Fredericton. The properties with the most expensive average prices have 4 bedrooms. They are 10265 % more expensive than the average followed by properties with 2 bedrooms with a price at $7.9 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,578 it is 29 % more affordable than the average price in Fredericton. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,115 it is 29 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $619 / sq.feet followed by "House" priced at $624 / sq.feet. "House" is the most expensive type of property with a $624 / sq.feet value followed by "Condo" with an average price of $619 / sq.feet.
