Property prices for rent in Sherbrooke (Quebec)
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 November, the average price per sq.feet was $1.28. In the following month the price per sq.feet rose considerably to $1.59. The price for the following two months in (January, February) had a considerable fall of 67 with regard to the previous two months. The price per sq.feet has had a considerable rise of 258 % 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 $1.19 to $3.08 during March, and April.
When referring to the price in Sherbrooke (cities), there have hardly been any changes in the last 6 months. The rent price in November is $976, rising in December till $1,064. During the following two months (January, February) the average price had a considerable fall of 75 % 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 124 % 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 $1,422 they are 35 % more affordable than the average price for Sherbrooke . The properties with the highest average price have 3 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,193.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $5.07 / sq.feet, with an average $5.14 / sq.feet price in Sherbrooke. The properties with the most expensive average prices have 4 bedrooms. They are 5756 % more expensive than the average followed by properties with 3 bedrooms with a price at $8.5 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,422 it is 35 % 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 $929 it is 17 % 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 $301 / sq.feet followed by "Condo" priced at $577 / sq.feet. "Condo" is the most expensive type of property with a $577 / sq.feet value followed by "House" with an average price of $301 / sq.feet.
