The rent prices in real estate in Sherbrooke, in the Quebec 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 Sherbrooke has risen strongly during the last 6 months. In February, the average price per sq.feet was $1.66. In the following month the price per sq.feet fell considerably to $1.38. The price for the following two months in (April, May) had a considerable rise of 2234 %. The price per sq.feet has had a considerable fall of 8 % 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 $17.74 to $1.43 during June, and July.
When referring to the price in Sherbrooke (cities), this has risen considerably in the last 6 months. In our first sample month during February, the average price is $1,055. In March This price remains at $1,105. During the following two months (April, May) the average price had a considerable rise of 140 % 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 increased 112 % 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 $1,344 they are 30 % more affordable than the average price for Sherbrooke . The properties with the highest average price have 3 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,321.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.15 / sq.feet, with an average $1.38 / sq.feet price in Sherbrooke. The properties with the most expensive average prices have 4 bedrooms. They are 22146 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.6 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,344 it is 30 % more affordable than the average price in Sherbrooke. "Condo" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "House". At a price of $935 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $307 / sq.feet followed by "Condo" priced at $583 / sq.feet. "Condo" is the most expensive type of property with a $583 / sq.feet value followed by "House" with an average price of $307 / sq.feet.