The rent prices in real estate in Armonk, in the New York 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 Armonk has risen strongly during the last 6 months. In November, the average price per sq.feet was $4.55. In December this price barely changed remaining at $4.55 per sq.feet. The price for the following two months in (January, February) fell 94 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 1260 % 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 $4.41 to $55.57 during March, and April.
When referring to the price in Armonk (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during November, is $4,525. During December the price went through a considerable rise reaching $5,228. In the following two months the average price has hardly changed with regard to the previous two months from $4,876.5 to $5,101. During the last two months the average price has fallen greatly compared to the previous four going from $4,988.75 to $3,750, which means a 75 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $3,400 they are 5 % more expensive than the average price for Armonk. Following this ranking we find those properties with 2 at an average price of $4,848. The properties with the highest average price have 4 bedrooms, Their price is 173 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,115.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $68.62 / sq.feet price in Armonk. The properties with the most expensive average prices have 4 bedrooms. They are 537 % more expensive than the average followed by properties with 1 bedroom with a price at $2 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most expensive one. At an cost of $3,400 it is 86 % more expensive than the average price in Armonk. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Commercial". At a price of $6,328 it is 173 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $41 / sq.feet followed by "House" priced at $437 / sq.feet. "House" is the most expensive type of property with a $437 / sq.feet value followed by "Commercial" with an average price of $41 / sq.feet.