The rent prices in real estate in Gibbstown, 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 Gibbstown has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.02. In the following month the price per sq.feet fell considerably to $0.85. The price for the following two months in (December, January) had a considerable fall of 51 with regard to the previous two months. The price per sq.feet has had a considerable rise of 141 % 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 $0.71 to $1 during February, and March.
When referring to the price in Gibbstown (cities), this has fallen considerably in the last 6 months. The average price for October is $2,167. During November the price had a considerable fall till $1,650. During the following two months (December, January) the average price had a considerable fall of 79 % 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 91 %, going from $1,704.75 to $1,554.5 in February and March.