Property prices for rent in Pelham (Ontario)
The rent prices in real estate in Pelham, in the Ontario 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 Pelham has had a strong fall during the last 6 months. In November, the average price per sq.feet was $13. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (January, February) had a considerable fall of 52 with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $5.31 to $4.89 during March, and April.
When referring to the price in Pelham (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $2,165. In December This price remains at $2,194. During the following two months (January, February) the average price had a considerable fall of 42 % with regard to the previous two months. 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 $1,547.75 and $1,605.5 between March and April.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,345 they are 16 % more expensive than the average price for Pelham. Following this ranking we find those properties with 2 at an average price of $2,087. The properties with the highest average price have 2 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,560.
With regard to the average prices per sq.feet those properties with 1 bedroom are 50 % more expensive than the average price of ($3 / sq.feet) in Pelham. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 50 % more expensive than the average value aforementioned.
According to average price per property type in Pelham, "" priced at $2,087 is 55 % more expensive than the average price ($1,345) in this city.
