The rent prices in real estate in Garwood, 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 Garwood has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3.48. In November this price barely changed remaining at $3.45 per sq.feet. 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 61 % 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 $3.23 to $1.97 during February, and March.
When referring to the price in Garwood (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $3,323. In November This price remains at $3,376. In the following two months the average price has hardly changed with regard to the previous two months from $3,349.5 to $3,413.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $3,381.5 to $3,045.5 in February and March.