Property prices for rent in Sudbury (Ontario)
The rent prices in real estate in Sudbury, in the Ontario 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 Sudbury has fallen during the last 6 months. In October, the average price per sq.feet was $3.23. In November this price barely changed remaining at $3.13 per sq.feet. The price for the following two months in (December, January) fell 91 % with regard to the previous two months. The price per sq.feet has fallen 89 % 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 $3.03 to $2.69 during February, and March.
When referring to the price in Sudbury (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $1,638. In November This price remains at $1,704. During the following two months (December, January) the price has had an average rise from $1,671 to $1,854.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 115 % during the last two months.
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 $2,025 they are 7 % more affordable than the average price for Sudbury . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,785.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.77 / sq.feet, with an average $2.7 / sq.feet price in Sudbury. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.72 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $2,025 it is 37 % more affordable than the average price in Sudbury. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $1,539 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $2 / sq.feet followed by "House" priced at $3 / sq.feet. "Condo" is the most expensive type of property with a $700 / sq.feet value followed by "Commercial" with an average price of $695 / sq.feet.
