The rent prices in real estate in Guelph, 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 Guelph has fallen during the last 6 months. In October, the average price per sq.feet was $3.93. In November this price barely changed remaining at $3.9 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $3.91 to $3.72 per sq.feet. The price per sq.feet has had a considerable fall of 84 % 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 $3.82 to $3.19 during February, and March.
When referring to the price in Guelph (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $1,906. In November This price remains at $1,961. During the following two months (December, January) the price has had an average rise from $1,933.5 to $2,164.5. Based on an analysis of the first four prices and the last two months the average price has increased 112 % during the last two months.
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 $2,308 they are 11 % more affordable than the average price for Guelph . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,954.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.89 / sq.feet, with an average $2.97 / sq.feet price in Guelph. The properties with the most expensive average prices have 3 bedrooms. They are 66 % more expensive than the average followed by properties with 4 bedrooms with a price at $4.92 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,308 it is 8 % more affordable than the average price in Guelph. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $2,301 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $3.31 / sq.feet followed by "Condo" priced at $3.34 / sq.feet. "Condo" is the most expensive type of property with a $3.34 / sq.feet value followed by "House" with an average price of $3.31 / sq.feet.