The rent prices in real estate in Asbury Park, in the New Jersey 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 Asbury Park has had a strong fall during the last 6 months. In June, the average price per sq.feet was $141.73. In the following month the price per sq.feet rose considerably to $263.96. The price for the following two months in (August, September) had a considerable fall of 7 with regard to the previous two months. The price per sq.feet has had a considerable fall of 2 % 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 $108.93 to $2.13 during October, and November.
When referring to the price in Asbury Park (cities), this has fallen considerably in the last 6 months. The average price for June is $4,041. During July the price had a considerable fall till $2,596. During the following two months (August, September) the average price had a considerable fall of 70 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $2,816.25 to $2,435.5 in October and November.
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 $2,481 they are 27 % more affordable than the average price for Asbury Park . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,280.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.56 / sq.feet, with an average $2.27 / sq.feet price in Asbury Park. The properties with the most expensive average prices have 3 bedrooms. They are 5364 % more expensive than the average followed by properties with 1 bedroom with a price at $2.76 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,481 it is 30 % more affordable than the average price in Asbury Park. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $2,138 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $2.57 / sq.feet followed by "Condo" priced at $78.56 / sq.feet. "Condo" is the most expensive type of property with a $78.56 / sq.feet value followed by "House" with an average price of $2.57 / sq.feet.