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 October, the average price per sq.feet was $1.5. In November this price barely changed remaining at $1.5 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable fall of 73 % 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 $1.37 to $1 during February, and March.
When referring to the price in Mount Royal (cities), there have hardly been any changes in the last 6 months. The average price for October is $1,717. During November the price had a considerable fall till $1,222. During the following two months (December, January) the average price had a considerable rise of 166 % 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 $1,954.5 to $1,220, which means a 62 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,220 they are 16 % more affordable than the average price for Mount Royal . The properties with the highest average price have 1 bedroom, Their price is 34 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,023.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 400 % more expensive than the average price of ($5 / sq.feet) in Mount Royal. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 400 % more expensive 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 $1,220 it is 16 % more affordable than the average price in Mount Royal. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,023 it is 24 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $5 / sq.feet. "House" at an average price of $5 / sq.feet has the highest price and would be directed at more affluent cities.