The rent prices in real estate in Sherbrooke, in the Quebec 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 Sherbrooke has had a strong fall during the last 6 months. In December, the average price per sq.feet was $419.69. In January this price barely changed remaining at $428.52 per sq.feet. The price for the following two months in (February, March) had a considerable fall of 54 with regard to the previous two months. The price per sq.feet has had a considerable rise of 133 % 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 $325.74 to $431.88 during April, and May.
When referring to the price in Sherbrooke (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $906. In January This price remains at $902. During the following two months (February, March) the average price had a considerable fall of 52 % 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 120 % during the last two months.
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 $664 they are 10 % more affordable than the average price for Sherbrooke . The properties with the highest average price have 4 bedrooms, Their price is 59 % more expensive than the average. After that we have properties with 3 bedrooms priced at $938.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.96 / sq.feet, with an average $375.74 / sq.feet price in Sherbrooke. The properties with the most expensive average prices have 4 bedrooms. They are 40 % more expensive than the average followed by properties with 3 bedrooms with a price at $363.33 / sq.feet.
With regard to the average price based upon the property in Sherbrooke we can see that the least affordable property type is "House" at a price of $1,053, they are 59 % more expensive than the average price of (!PRECIO2!). "House" has the most expensive price. This price is 59 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $526 / sq.feet. "House" at an average price of $526 / sq.feet has the highest price and would be directed at more affluent cities.