The rent prices in real estate in Pictou, in the Nova Scotia 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 Pictou has risen strongly during the last 6 months. In October, the average price per sq.feet was $0.21. In the following month the price per sq.feet rose considerably to $1.26. The price for the following two months in (December, January) had a considerable rise of 321 %. The price per sq.feet has had a considerable rise of 241 % 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 $1.55 to $3.73 during February, and March.
When referring to the price in Pictou (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $100. During November the price went through a considerable rise reaching $658. During the following two months (December, January) the average price had a considerable rise of 381 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 228 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 14 % more affordable than the average price of $1,788 in Pictou. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 14 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2 % more affordable than the average price of ($3.72 / sq.feet) in Pictou. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2 % more affordable than the average value aforementioned.