The rent prices in real estate in Moncton, 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 Moncton has had a strong fall during the last 6 months. In April, the average price per sq.feet was $484.74. In the following month the price per sq.feet fell considerably to $244.95. The price for the following two months in (June, July) had a considerable rise of 117 %. The price per sq.feet has had a considerable fall of 45 % 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 $395.39 to $178.51 during August, and September.
When referring to the price in Moncton (cities), this has fallen in the last 6 months. The average price for April is $1,120. During May the price had a slight fall till $976. In the following two months the average price has hardly changed with regard to the previous two months from $1,048 to $1,032.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 $1,145 they are 19 % more affordable than the average price for Moncton . The properties with the highest average price have 2 bedrooms, Their price is 1 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,127.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $1.39 / sq.feet price in Moncton. The properties with the most expensive average prices have 2 bedrooms. They are 62778 % more expensive than the average followed by properties with 3 bedrooms with a price at $718 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $1,145 it is 4 % more affordable than the average price in Moncton. "Apartment" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $1,119 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $704 / sq.feet followed by "Apartment" priced at $709 / sq.feet. "House" is the most expensive type of property with a $718 / sq.feet value followed by "Land" with an average price of $714 / sq.feet.