The rent prices in real estate in St. John's, in the Newfoundland And Labrador region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in St. John's has fallen during the last 6 months. In April, the average price per sq.feet was $1.47. In May this price barely changed remaining at $1.48 per sq.feet. The price for the following two months in (June, July) fell 95 % with regard to the previous two months. The price per sq.feet has fallen 86 % 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 $1.43 to $1.24 during August, and September.
When referring to the price in St. John's (cities), this has fallen considerably in the last 6 months. The average price for April is $1,635. During May the price had a slight fall till $1,509. During the following two months (June, July) the average price fell 93 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,515.5 to $1,161, which means a 77 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most expensive ones. At a price of $859 they are 121 % more expensive than the average price for St. John's. Following this ranking we find those properties with 1 at an average price of $2,164. The properties with the highest average price have 2 bedrooms, Their price is 198 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,315.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.05 / sq.feet price in St. John's. The properties with the most expensive average prices have 1 bedroom. They are 90 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $859 it is 47 % more expensive than the average price in St. John's. "Office" is seen as the second most expensive property type. The most expensive property type is "" followed by "House". At a price of $1,378 it is 175 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Office" priced at $941 / sq.feet. "Apartment" is the most expensive type of property with a $998 / sq.feet value followed by "Office" with an average price of $941 / sq.feet.