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 June, the average price per sq.feet was $78. In the following month the price per sq.feet fell considerably to $1.03. The price for the following two months in (August, September) had a considerable fall of 76 with regard to the previous two months. The price per sq.feet has had a considerable fall of 47 % 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 $34.76 to $16.5 during October, and November.
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 June, is $1,185. During July the price went through a considerable rise reaching $1,767. In the following two months the average price has hardly changed with regard to the previous two months from $1,476 to $1,449. During the last two months the average price has fallen greatly compared to the previous four going from $1,462.5 to $866.5, which means a 59 % fall.
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 $1,733 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 ($33 / 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 "Condo" as the most affordable one. At an cost of $1,733 it is 7 % more affordable than the average price in Mount Royal. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,617 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $25 / sq.feet followed by "House" priced at $33 / sq.feet. "House" is the most affordable type of property with a $33 / sq.feet value followed by "Condo" with an average price of $25 / sq.feet.