The rent prices in real estate in Totowa, 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 Totowa has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2.04. In December this price barely changed remaining at $2.12 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable fall of 48 % 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 $1.04 to $0.5 during March, and April.
When referring to the price in Totowa (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $3,500. In December This price remains at $3,375. During the following two months (January, February) the average price fell 87 % 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 $3,207 to $1,686, which means a 53 % fall.