The rent prices in real estate in Red Bank, 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 Red Bank has had a strong fall during the last 6 months. In July, the average price per sq.feet was $696.33. In the following month the price per sq.feet fell considerably to $150.48. The price for the following two months in (September, October) had a considerable fall of 11 with regard to the previous two months. The price per sq.feet has had a considerable fall of 31 % 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 $235.37 to $71.83 during November, and December.
When referring to the price in Red Bank (cities), this has risen considerably in the last 6 months. The rent price in July is $1,332, rising in August till $1,409. During the following two months (September, October) the average price had a considerable rise of 188 % 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 122 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,733 they are 44 % more affordable than the average price for Red Bank . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,793.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $2.54 / sq.feet, with an average $2.41 / sq.feet price in Red Bank. The properties with the most expensive average prices have 2 bedrooms. They are 6458 % more expensive than the average followed by properties with 1 bedroom with a price at $2.54 / sq.feet.
According to average price per property type in Red Bank, "" priced at $1,543 is 44 % lower than the average price ($2,733) in this city.