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 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.
