The rent prices in real estate in Branford, in the Connecticut 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 Branford has had a strong fall during the last 6 months. In July, the average price per sq.feet was $22.01. In the following month the price per sq.feet fell considerably to $18.45. The price for the following two months in (September, October) had a considerable fall of 8 with regard to the previous two months. The price per sq.feet has had a considerable fall of 16 % 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 $10.96 to $1.73 during November, and December.
When referring to the price in Branford (cities), this has risen in the last 6 months. In our first sample month during July, the average price is $1,535. In August This price remains at $1,501. In the following two months the average price has hardly changed with regard to the previous two months from $1,518 to $1,543. 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 1 bedroom are the most affordable ones. At a price of $1,858 they are 7 % more affordable than the average price for Branford . The properties with the highest average price have 3 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,183.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.27 / sq.feet, with an average $1.7 / sq.feet price in Branford. The properties with the most expensive average prices have 2 bedrooms. They are 935 % more expensive than the average followed by properties with 1 bedroom with a price at $1.94 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,858 it is 37 % more affordable than the average price in Branford. "Office" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Duplex". At a price of $1,651 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.5 / sq.feet followed by "Condo" priced at $1.73 / sq.feet. "Townhouse" is the most expensive type of property with a $89 / sq.feet value followed by "Office" with an average price of $79 / sq.feet.