The rent prices in real estate in Kingston, 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 Kingston has fallen during the last 6 months. In October, the average price per sq.feet was $3.07. In November this price barely changed remaining at $3.05 per sq.feet. The price for the following two months in (December, January) fell 91 % with regard to the previous two months. The price per sq.feet has fallen 90 % 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 $2.92 to $2.62 during February, and March.
When referring to the price in Kingston (cities), this has risen considerably in the last 6 months. The rent price in October is $1,526, rising in November till $1,682. During the following two months (December, January) the average price had a considerable rise of 117 % 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 122 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,074 they are 26 % more affordable than the average price for Kingston . The properties with the highest average price have 2 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,224.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.29 / sq.feet, with an average $2.57 / sq.feet price in Kingston. The properties with the most expensive average prices have 4 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at $2.63 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,074 it is 28 % more affordable than the average price in Kingston. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $2,451 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2 / sq.feet followed by "House" priced at $3 / sq.feet. "House" is the most expensive type of property with a $3 / sq.feet value followed by "Condo" with an average price of $2 / sq.feet.