Property prices for rent in Stratford (Ontario)
The rent prices in real estate in Stratford, in the Ontario region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Stratford has had a strong fall during the last 6 months. In October, the average price per sq.feet was $4.15. In the following month the price per sq.feet fell to $3.78. The price for the following two months in (December, January) fell 87 % with regard to the previous two months. 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 $3.71 to $2.79 during February, and March.
When referring to the price in Stratford (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,845. In November This price remains at $1,873. In the following two months the average price has hardly changed with regard to the previous two months from $1,859 to $1,917. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,888 and $1,957 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,950 they are 24 % more affordable than the average price for Stratford . The properties with the highest average price have 2 bedrooms, Their price is 3 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,896.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.61 / sq.feet price in Stratford. The properties with the most expensive average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.68 / sq.feet.
According to average price per property type in Stratford, "" priced at $1,487 is 24 % lower than the average price ($1,950) in this city.
