The rent prices in real estate in Newmarket, 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 Newmarket has fallen during the last 6 months. In October, the average price per sq.feet was $3.09. In the following month the price per sq.feet rose considerably to $3.75. The price for the following two months in (December, January) fell 90 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 73 % 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 $3.25 to $2.37 during February, and March.
When referring to the price in Newmarket (cities), there have hardly been any changes in the last 6 months. The average price for October is $2,612. During November the price had a slight fall till $2,372. During the following two months (December, January) the price has had an average rise from $2,492 to $2,657.5. 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 $2,574.75 and $2,594 between February and March.
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 $2,552 they are 37 % more affordable than the average price for Newmarket . The properties with the highest average price have 4 bedrooms, Their price is 48 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,057.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.66 / sq.feet, with an average $2.17 / sq.feet price in Newmarket. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.45 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,552 it is 4 % more affordable than the average price in Newmarket. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $2,592 it is 9 % 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 $1.55 / sq.feet followed by "House" priced at $2.75 / sq.feet. "House" is the most expensive type of property with a $2.75 / sq.feet value followed by "Condo" with an average price of $1.55 / sq.feet.