The rent prices in real estate in Monmouth Beach, 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 Monmouth Beach has had a strong fall during the last 6 months. In September, the average price per sq.feet was $341.63. In the following month the price per sq.feet fell to $294.3. The price for the following two months in (November, December) fell 93 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 43 % 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 $306.98 to $130.5 during January, and February.
When referring to the price in Monmouth Beach (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during September, is $12,760. During October the price went through a considerable rise reaching $15,425. During the following two months (November, December) the average price had a considerable fall of 21 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $8,497.25 to $2,345.5, which means a 28 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 2 bedrooms. It is 1 % more affordable than the average price of $1,906 in Monmouth Beach. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 1 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 88 % more affordable than the average price of ($11 / sq.feet) in Monmouth Beach. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 88 % more expensive than the average value aforementioned.