The rent prices in real estate in Astoria, in the New York 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 Astoria has had a strong fall during the last 6 months. In October, the average price per sq.feet was $11.48. In the following month the price per sq.feet fell considerably to $7.7. The price for the following two months in (December, January) had a considerable fall of 51 with regard to the previous two months. The price per sq.feet has had a considerable fall of 60 % 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 $7.22 to $4.34 during February, and March.
When referring to the price in Astoria (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,996. In November This price remains at $2,943. In the following two months the average price has hardly changed with regard to the previous two months from $2,969.5 to $3,044. 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 $3,006.75 and $3,103.5 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 $3,122 they are 15 % more affordable than the average price for Astoria . The properties with the highest average price have 4 bedrooms, Their price is 352 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,573.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.31 / sq.feet, with an average $4.32 / sq.feet price in Astoria. The properties with the most expensive average prices have 4 bedrooms. They are 34 % more expensive than the average followed by properties with 1 bedroom with a price at $4.96 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $3,122 it is 11 % more affordable than the average price in Astoria. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $2,872 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $3.28 / sq.feet followed by "House" priced at $4.23 / sq.feet. "Land" is the most expensive type of property with a $65 / sq.feet value followed by "House" with an average price of $4.23 / sq.feet.