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 September, the average price per sq.feet was $97.71. In the following month the price per sq.feet fell considerably to $38.27. The price for the following two months in (November, December) had a considerable fall of 26 with regard to the previous two months. The price per sq.feet has had a considerable rise of 125 % 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 $42.94 to $53.5 during January, and February.
When referring to the price in Paramus (cities), this has fallen considerably in the last 6 months. The average price for September is $2,010. During October the price had a slight fall till $1,819. During the following two months (November, December) the average price had a considerable rise of 115 % 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 $2,061.75 to $815.5, which means a 40 % fall.