The rent prices in real estate in Fredericton, in the New Brunswick 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 Fredericton has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.04. In the following month the price per sq.feet rose considerably to $1.4. The price for the following two months in (December, January) had a considerable rise of 155 %. The price per sq.feet has had a considerable rise of 265 % 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 $1.56 to $4.12 during February, and March.
When referring to the price in Fredericton (cities), this has risen considerably in the last 6 months. The rent price in October is $899, rising in November till $975. During the following two months (December, January) the average price had a considerable rise of 139 % 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 138 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,578 they are 29 % more affordable than the average price for Fredericton . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,402.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.21 / sq.feet, with an average $6.02 / sq.feet price in Fredericton. The properties with the most expensive average prices have 4 bedrooms. They are 10265 % more expensive than the average followed by properties with 2 bedrooms with a price at $7.9 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,578 it is 29 % more affordable than the average price in Fredericton. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,115 it is 29 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $619 / sq.feet followed by "House" priced at $624 / sq.feet. "House" is the most expensive type of property with a $624 / sq.feet value followed by "Condo" with an average price of $619 / sq.feet.