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 September, the average price per sq.feet was $1.05. In the following month the price per sq.feet rose considerably to $1.23. In the following two months the price per sq.feet has risen 111 %, going from $1.14 to $1.27 per sq.feet. The price per sq.feet has risen 108 % 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 $1.2 to $1.3 during January, and February.
When referring to the price in St. John's (cities), this has risen considerably in the last 6 months. The rent price in September is $859, rising in October till $986. During the following two months (November, December) the average price had a considerable rise of 118 % 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 expensive ones. At a price of $1,200 they are 53 % more expensive than the average price for St. John's. Following this ranking we find those properties with 3 at an average price of $1,857. The properties with the highest average price have 2 bedrooms, Their price is 94 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,272.
With regard to the average prices per sq.feet those properties with 1 bedroom are 21 % more affordable than the average price of ($1 / sq.feet) in St. John's. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 21 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $1,200 it is 5 % 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 "Office". At a price of $1,291 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Office" at an average price of $936 / sq.feet followed by "Apartment" priced at $993 / sq.feet. "Apartment" is the most expensive type of property with a $993 / sq.feet value followed by "Office" with an average price of $936 / sq.feet.