The rent prices in real estate in Bellevue, in the Washington 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 Bellevue has had a strong fall during the last 6 months. In April, the average price per sq.feet was $14.5. In the following month the price per sq.feet fell considerably to $9.7. In the following two months the price per sq.feet has risen 106 %, going from $12.1 to $12.81 per sq.feet. The price per sq.feet has had a considerable fall of 21 % 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 $12.46 to $2.6 during August, and September.
When referring to the price in Bellevue (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $2,554. In May This price remains at $2,537. In the following two months the average price has hardly changed with regard to the previous two months from $2,545.5 to $2,578.5. 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 $2,562 and $2,543 between August and September.
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 $2,510 they are 15 % more affordable than the average price for Bellevue . 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 $2,895.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.4 / sq.feet, with an average $2.6 / sq.feet price in Bellevue. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.49 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $2,510 it is 37 % more affordable than the average price in Bellevue. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $2,315 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Office" at an average price of $1.52 / sq.feet followed by "Condo" priced at $1.54 / sq.feet. "House" is the most expensive type of property with a $2.69 / sq.feet value followed by "Condo" with an average price of $1.54 / sq.feet.