The rent prices in real estate in Aspen, in the Colorado 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 Aspen has had a strong fall during the last 6 months. In October, the average price per sq.feet was $28.72. In the following month the price per sq.feet fell to $25.25. The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable fall of 74 % 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 $24.56 to $18.18 during February, and March.
When referring to the price in Aspen (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $34,556. In November This price remains at $35,007. In the following two months the average price has hardly changed with regard to the previous two months from $34,781.5 to $35,433.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $35,107.5 and $33,480.5 between February and March.
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 $32,729 they are 76 % more affordable than the average price for Aspen . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 3 bedrooms priced at $26,996.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $14.1 / sq.feet, with an average $15.03 / sq.feet price in Aspen. The properties with the most expensive average prices have 2 bedrooms. They are 7 % more expensive than the average followed by properties with 3 bedrooms with a price at $15.37 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $32,729 it is 61 % more affordable than the average price in Aspen. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $38,801 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $12.96 / sq.feet followed by "Condo" priced at $16.46 / sq.feet. "Duplex" is the most expensive type of property with a $738 / sq.feet value followed by "Townhouse" with an average price of $723 / sq.feet.