Property prices for rent in Saint John (New Brunswick)
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 October, the average price per sq.feet was $2.35. In November this price barely changed remaining at $2.43 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.39 to $2.4 per sq.feet. The price per sq.feet has had a considerable rise of 180 % 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 $2.39 to $4.32 during February, and March.
When referring to the price in Saint John (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,401. In November This price remains at $1,363. During the following two months (December, January) the price has had an average rise from $1,382 to $1,461. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,461 they are 33 % more affordable than the average price for Saint John . The properties with the highest average price have 2 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,291.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $7.01 / sq.feet, with an average $4.69 / sq.feet price in Saint John. The properties with the most expensive average prices have 4 bedrooms. They are 4911 % more expensive than the average followed by properties with 1 bedroom with a price at $7.77 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,461 it is 34 % 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 $965 it is 33 % 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 $220 / sq.feet followed by "House" priced at $230 / sq.feet. "House" is the most expensive type of property with a $230 / sq.feet value followed by "Land" with an average price of $220 / sq.feet.
