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 February, the average price per sq.feet was $2.41. In the following month the price per sq.feet rose considerably to $84. The price for the following two months in (April, May) had a considerable fall of 6 with regard to the previous two months. The price per sq.feet has had a considerable fall of 10 % 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 $22.93 to $2.24 during June, and July.
When referring to the price in Short Hills (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $5,500. In March This price remains at $5,310. During the following two months (April, May) the average price had a considerable fall of 74 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $4,693.5 to $4,322.5 in June and July.
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 $4,874 they are 55 % more affordable than the average price for Short Hills . The properties with the lowest average price have 2 bedrooms, Their price is 33 % more affordable than the average. After that we have properties with 3 bedrooms priced at $3,044.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.2 / sq.feet, with an average $2.48 / sq.feet price in Short Hills. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.2 / sq.feet.
According to average price per property type in Short Hills, "" priced at $3,044 is 38 % lower than the average price ($4,874) in this city.