The rent prices in real estate in Bloomfield Hills, in the Michigan 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 Bloomfield Hills has had a strong fall during the last 6 months. In April, the average price per sq.feet was $25.52. In the following month the price per sq.feet fell considerably to $1.89. The price for the following two months in (June, July) had a considerable fall of 11 with regard to the previous two months. 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 $7.61 to $1.57 during August, and September.
When referring to the price in Bloomfield Hills (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $1,198. During May the price went through a considerable rise reaching $1,428. During the following two months (June, July) the average price had a considerable rise of 131 % 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 126 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $2,197 they are 41 % more affordable than the average price for Bloomfield Hills . The properties with the highest average price have 4 bedrooms, Their price is 6 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,221.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,197 it is 25 % more affordable than the average price in Bloomfield Hills. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,651 it is 11 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $5 / sq.feet. "House" at an average price of $5 / sq.feet has the highest price and would be directed at more affluent cities.