The rent prices in real estate in Fredericton, in the New Brunswick region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Fredericton has had a strong fall during the last 6 months. In April, the average price per sq.feet was $230.47. In the following month the price per sq.feet fell considerably to $5.24. The price for the following two months in (June, July) had a considerable fall of 1 with regard to the previous two months. The price per sq.feet has had a considerable rise of 302 % 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 $59.38 to $179.49 during August, and September.
When referring to the price in Fredericton (cities), this has fallen considerably in the last 6 months. The average price for April is $1,159. During May the price had a considerable fall till $882. During the following two months (June, July) the average price fell 87 % 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 increased 105 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 35 % more expensive than the average price of $1,209 in Fredericton. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 35 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 59364 % more expensive than the average price of ($666 / sq.feet) in Fredericton. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 59364 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $893 it is 34 % more expensive than the average price in Fredericton. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Condo". At a price of $1,199 it is 35 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $661 / sq.feet followed by "House" priced at $666 / sq.feet. "House" is the most expensive type of property with a $666 / sq.feet value followed by "Condo" with an average price of $661 / sq.feet.