The rent prices in real estate in Paramus, 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 Paramus has had a strong fall during the last 6 months. In October, the average price per sq.feet was $82.82. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (December, January) had a considerable fall of 67 with regard to the previous two months. The price per sq.feet has had a considerable rise of 159 % 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 $34.96 to $55.5 during February, and March.
When referring to the price in Paramus (cities), this has fallen in the last 6 months. The average price during our first sample month during October, is $2,297. During November the price went through a considerable rise reaching $3,246. During the following two months (December, January) the average price fell 86 % 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 $2,575 to $1,234, which means a 48 % fall.