The rent prices in real estate in Short Hills, in the New Jersey region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Short Hills has fallen during the last 6 months. In June, the average price per sq.feet was $135.03. In the following month the price per sq.feet fell considerably to $109.22. In the following two months the price per sq.feet has practically remained the same, going from $122.12 to $117.93 per sq.feet. The price per sq.feet has had a considerable rise of 117 % 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 $120.03 to $140.21 during October, and November.
When referring to the price in Short Hills (cities), this has fallen in the last 6 months. The average price for June is $7,019. During July the price had a slight fall till $6,304. During the following two months (August, September) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $6,380.75 and $6,096.5 between October and November.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $4,493 they are 59 % more affordable than the average price for Short Hills . The properties with the lowest average price have 3 bedrooms, Their price is 30 % more affordable than the average. After that we have properties with 2 bedrooms priced at $2,824.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 82 % more affordable than the average price of ($25 / sq.feet) in Short Hills. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 82 % more affordable than the average value aforementioned.
With regard to the average price based upon the property in Short Hills we can see that the most affordable property type is "House" at a price of $3,160, they are 30 % cheaper than the average price of (!PRECIO2!). "House" has the most affordable price. This price is 30 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $25 / sq.feet. "House" with an average price of $25 / sq.feet has the most affordable price and would be directed at less affluent cities.