The rent prices in real estate in Moncton, in the New Brunswick 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 Moncton has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.74. In the following month the price per sq.feet rose to $1.9. The price for the following two months in (November, December) had a considerable rise of 129 %. The price per sq.feet has had a considerable rise of 133 % 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 $2.09 to $2.78 during January, and February.
When referring to the price in Moncton (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,413. In October This price remains at $1,452. In the following two months the average price has hardly changed with regard to the previous two months from $1,432.5 to $1,489.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,461 and $1,455.5 between January and February.
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 $1,424 they are 24 % more affordable than the average price for Moncton . The properties with the highest average price have 3 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,536.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.89 / sq.feet, with an average $3.01 / sq.feet price in Moncton. The properties with the most expensive average prices have 4 bedrooms. They are 23089 % more expensive than the average followed by properties with 3 bedrooms with a price at $4.86 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $1,424 it is 29 % 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 $1,067 it is 24 % 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 $663 / sq.feet followed by "Apartment" priced at $668 / sq.feet. "House" is the most expensive type of property with a $697 / sq.feet value followed by "Land" with an average price of $688 / sq.feet.