Property prices for rent in St. John's (Newfoundland And Labrador)
The rent prices in real estate in St. John's, in the Newfoundland And Labrador 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 St. John's has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.08. In the following month the price per sq.feet fell to $1.96. In the following two months the price per sq.feet has risen 110 %, going from $2.02 to $2.22 per sq.feet. The price per sq.feet has had a considerable rise of 175 % 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 $2.12 to $3.71 during February, and March.
When referring to the price in St. John's (cities), this has fallen considerably in the last 6 months. The average price for October is $1,439. During November the price had a considerable fall till $993. During the following two months (December, January) the average price fell 86 % 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 128 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,829 they are 7 % more affordable than the average price for St. John's . The properties with the highest average price have 4 bedrooms, Their price is 105 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,415.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $9.35 / sq.feet, with an average $5.66 / sq.feet price in St. John's. The properties with the most expensive average prices have 1 bedroom. They are 92 % more expensive than the average followed by properties with 2 bedrooms with a price at $9.35 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,829 it is 49 % more affordable than the average price in St. John's. "Office" is seen as the second most affordable property type. The most affordable property is "Office" followed by "". At a price of $937 it is 33 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Office with an average cost of $899 / sq.feet. "Office" at an average price of $899 / sq.feet has the highest price and would be directed at more affluent cities.
