The rent prices in real estate in Joliette, in the Quebec 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 Joliette has risen strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $1.28. The price for the following two months in (December, January) had a considerable rise of 2377 %. The price per sq.feet has had a considerable rise of 205 % 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 $7.93 to $16.28 during February, and March.
When referring to the price in Joliette (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $1,046. During November the price went through a considerable rise reaching $1,272. During the following two months (December, January) the average price had a considerable rise of 147 % 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 123 % 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 $1,724 they are 29 % more affordable than the average price for Joliette . The properties with the highest average price have 2 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,516.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.52 / sq.feet, with an average $15.33 / sq.feet price in Joliette. The properties with the most expensive average prices have 4 bedrooms. They are 4942 % more expensive than the average followed by properties with 2 bedrooms with a price at $22.14 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,724 it is 42 % more affordable than the average price in Joliette. "Triplex" is seen as the second most affordable property type. The most affordable property is "House" followed by "Bungalow". At a price of $1,206 it is 29 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Triplex" at an average price of $487 / sq.feet followed by "Office" priced at $508 / sq.feet. "House" is the most expensive type of property with a $773 / sq.feet value followed by "Bungalow" with an average price of $768 / sq.feet.