The rent prices in real estate in Montvale, in the New Jersey region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Montvale has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.75. In November this price barely changed remaining at $1.75 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 1365 %. The price per sq.feet has had a considerable rise of 179 % 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 $12.82 to $23 during February, and March.
When referring to the price in Montvale (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $2,900. In November This price remains at $2,900. During the following two months (December, January) the average price had a considerable fall of 71 % 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 $2,480.25 to $952, which means a 38 % fall.