The rent prices in real estate in Mount Royal, 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 Mount Royal has had a strong fall during the last 6 months. In August, the average price per sq.feet was $59. In the following month the price per sq.feet fell considerably to $1.03. The price for the following two months in (October, November) had a considerable fall of 55 with regard to the previous two months. The price per sq.feet has had a considerable rise of 127 % 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 $23.26 to $29.5 during December, and January.
When referring to the price in Mount Royal (cities), this has risen in the last 6 months. The average price during our first sample month during August, is $1,131. During September the price went through a considerable rise reaching $1,767. During the following two months (October, November) the average price had a considerable fall of 60 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 124 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 0 % more affordable than the average price of $1,129 in Mount Royal. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % more affordable than the average price of ($58 / sq.feet) in Mount Royal. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,129 it is 0 % more affordable than the average price in Mount Royal. "Condo" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,129 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $24 / sq.feet followed by "House" priced at $58 / sq.feet. "House" is the most affordable type of property with a $58 / sq.feet value followed by "Condo" with an average price of $24 / sq.feet.