The rent prices in real estate in St. Thomas, in the Ontario region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in St. Thomas has risen during the last 6 months. In September, the average price per sq.feet was $1.95. In the following month the price per sq.feet rose to $2.09. The price for the following two months in (November, December) had a considerable rise of 136 %. The price per sq.feet has had a considerable fall of 75 % 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 $2.39 to $1.79 during January, and February.
When referring to the price in St. Thomas (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,197. In October This price remains at $1,144. During the following two months (November, December) the average price had a considerable rise of 123 % 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 $1,307.75 to $1,032.5, which means a 79 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,024 they are 10 % more affordable than the average price for St. Thomas . The properties with the highest average price have 4 bedrooms, Their price is 173 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,350.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.44 / sq.feet, with an average $1.64 / sq.feet price in St. Thomas. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.44 / sq.feet.
According to average price per property type in St. Thomas, "" priced at $1,514 is 48 % more expensive than the average price ($1,024) in this city.