The rent prices in real estate in Big Lake, in the Alaska 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 Big Lake has had a strong fall during the last 6 months. In February, the average price per sq.feet was $10. In March this price barely changed remaining at $10 per sq.feet. The price for the following two months in (April, May) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 67 % 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 $7.5 to $5 during June, and July.
When referring to the price in Big Lake (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $1,339. In March This price remains at $1,363. During the following two months (April, May) the average price had a considerable fall of 50 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,016.25 to $669.5, which means a 66 % fall.