The rent prices in real estate in Basalt, in the Colorado 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 Basalt has risen strongly during the last 6 months. In May, the average price per sq.feet was $2.78. In the following month the price per sq.feet rose considerably to $77. The price for the following two months in (July, August) had a considerable rise of 159 %. The price per sq.feet has had a considerable rise of 290 % 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 $51.69 to $150 during September, and October.
When referring to the price in Basalt (cities), this has risen considerably in the last 6 months. The average price for May is $2,281. During June the price had a slight fall till $2,104. During the following two months (July, August) the average price had a considerable rise of 130 % 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 129 % during the last two months.
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 $3,250 they are 47 % more affordable than the average price for Basalt . The properties with the lowest average price have 2 bedrooms, Their price is 25 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,730.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 65 % more affordable than the average price of ($53 / sq.feet) in Basalt. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 65 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,250 it is 25 % more affordable than the average price in Basalt. "Farm" is seen as the second most affordable property type. The most affordable property is "Farm" followed by "House". At a price of $2,423 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $53 / sq.feet followed by "Farm" priced at $65 / sq.feet. "Farm" is the most affordable type of property with a $65 / sq.feet value followed by "House" with an average price of $53 / sq.feet.