The rent prices in real estate in Penetanguishene, 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 Penetanguishene has had a strong fall during the last 6 months. In November, the average price per sq.feet was $3.45. In the following month the price per sq.feet rose considerably to $4.25. The price for the following two months in (January, February) had a considerable fall of 64 with regard to the previous two months. The price per sq.feet has had a considerable fall of 62 % 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 $3.16 to $1.95 during March, and April.
When referring to the price in Penetanguishene (cities), there have hardly been any changes in the last 6 months. The rent price in November is $2,021, rising in December till $2,200. During the following two months (January, February) the price has had an average rise from $2,110.5 to $2,262. During the last two months the average price has fallen greatly compared to the previous four going from $2,186.25 to $1,567, which means a 72 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 20 % more expensive than the average price of $1,878 in Penetanguishene. Based on the bedrooms values, properties with the most expensive rent prices are those with 2 bedrooms. They are 54 % more expensive than the average aforementioned.