The rent prices in real estate in Tenafly, 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 Tenafly has had a strong fall during the last 6 months. In November, the average price per sq.feet was $3.6. In the following month the price per sq.feet fell to $3.15. The price for the following two months in (January, February) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 47 % 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 $3.18 to $1.5 during March, and April.
When referring to the price in Tenafly (cities), this has fallen considerably in the last 6 months. The average price for November is $5,658. During December the price had a considerable fall till $2,969. During the following two months (January, February) the average price had a considerable fall of 52 % 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 116 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 39 % more affordable than the average price of $2,023 in Tenafly. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 39 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % more expensive than the average price of ($2 / sq.feet) in Tenafly. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 100 % more expensive than the average value aforementioned.