The rent prices in real estate in Bailey, 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 Bailey has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.05. In the following month the price per sq.feet fell considerably to $0.57. In the following two months the price per sq.feet has practically remained the same, going from $0.81 to $0.8 per sq.feet. The price per sq.feet has had a considerable fall of 62 % 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 $0.81 to $0.5 during March, and April.
When referring to the price in Bailey (cities), there have hardly been any changes in the last 6 months. The average price for November is $1,657. During December the price had a considerable fall till $900. In the following two months the average price has hardly changed with regard to the previous two months from $1,278.5 to $1,336. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 170 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 4 % more affordable than the average price of $1,910 in Bailey. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 4 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 7000 % more expensive than the average price of ($71 / sq.feet) in Bailey. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 7000 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,983 it is 10 % more affordable than the average price in Bailey. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,831 it is 7 % 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 $8 / sq.feet followed by "House" priced at $18 / sq.feet. "Duplex" is the most expensive type of property with a $29 / sq.feet value followed by "House" with an average price of $18 / sq.feet.