The rent prices in real estate in Saint John, 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 Saint John has risen strongly during the last 6 months. In April, the average price per sq.feet was $3.69. In the following month the price per sq.feet rose considerably to $249.88. The price for the following two months in (June, July) had a considerable fall of 1 with regard to the previous two months. The price per sq.feet has had a considerable fall of 2 % 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 $64.24 to $1.42 during August, and September.
When referring to the price in Saint John (cities), this has risen in the last 6 months. The average price during our first sample month during April, is $1,168. During May the price went through a considerable rise reaching $1,354. During the following two months (June, July) the price has had an average rise from $1,261 to $1,413.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,337.25 to $1,047, which means a 78 % fall.
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 $1,055 they are 9 % more affordable than the average price for Saint John . The properties with the highest average price have 2 bedrooms, Their price is 3 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,001.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $1.88 / sq.feet, with an average $1.35 / sq.feet price in Saint John. The properties with the most expensive average prices have 3 bedrooms. They are 18789 % more expensive than the average followed by properties with 1 bedroom with a price at $2.1 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,055 it is 6 % more affordable than the average price in Saint John. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $996 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $251 / sq.feet followed by "House" priced at $255 / sq.feet. "House" is the most expensive type of property with a $255 / sq.feet value followed by "Land" with an average price of $251 / sq.feet.