The rent prices in real estate in Bayside, 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 Bayside has had a strong fall during the last 6 months. In October, the average price per sq.feet was $4.27. In November this price barely changed remaining at $4.08 per sq.feet. The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 $3.88 to $3.11 during February, and March.
When referring to the price in Bayside (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $2,939. In November This price remains at $3,074. In the following two months the average price has hardly changed with regard to the previous two months from $3,006.5 to $3,073.5. Based on an analysis of the first four prices and the last two months the average price has increased 110 % 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 $3,419 they are 25 % more affordable than the average price for Bayside . The properties with the highest average price have 4 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,563.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.73 / sq.feet, with an average $3.15 / sq.feet price in Bayside. The properties with the most expensive average prices have 1 bedroom. They are 81 % more expensive than the average followed by properties with 2 bedrooms with a price at $4.17 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,419 it is 34 % more affordable than the average price in Bayside. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $2,439 it is 2 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $3 / sq.feet. "House" with an average price of $3 / sq.feet has the most affordable price and would be directed at less affluent cities.