The rent prices in real estate in Short Hills, in the New Jersey region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Short Hills has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.31. In the following month the price per sq.feet rose considerably to $138. The price for the following two months in (December, January) had a considerable fall of 3 with regard to the previous two months. The price per sq.feet has had a considerable rise of 238 % 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 $36.17 to $86 during February, and March.
When referring to the price in Short Hills (cities), this has fallen considerably in the last 6 months. The average price for October is $11,049. During November the price had a considerable fall till $4,483. During the following two months (December, January) the average price had a considerable rise of 120 % 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 $8,545.5 to $5,322, which means a 62 % fall.
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 $5,322 they are 66 % more affordable than the average price for Short Hills . The properties with the lowest average price have 3 bedrooms, Their price is 42 % more affordable than the average. After that we have properties with 2 bedrooms priced at $2,785.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 86 % more affordable than the average price of ($12 / 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 86 % 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 $3,108, they are 42 % cheaper than the average price of (!PRECIO2!). "House" has the most affordable price. This price is 42 % 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 $12 / sq.feet. "House" with an average price of $12 / sq.feet has the most affordable price and would be directed at less affluent cities.