The rent prices in real estate in Bristol, 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 Bristol has had a strong fall during the last 6 months. In May, the average price per sq.feet was $6.75. In the following month the price per sq.feet rose considerably to $7.81. In the following two months the price per sq.feet has risen 106 %, going from $7.28 to $7.73 per sq.feet. The price per sq.feet has had a considerable fall of 23 % 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 $7.51 to $1.71 during September, and October.
When referring to the price in Bristol (cities), this has risen in the last 6 months. The average price for May is $1,105. During June the price had a slight fall till $1,012. During the following two months (July, August) the average price had a considerable rise of 117 % 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 increased 109 % 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 $1,220 they are 17 % more affordable than the average price for Bristol . The properties with the highest average price have 4 bedrooms, Their price is 33 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,620.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.12 / sq.feet, with an average $1.3 / sq.feet price in Bristol. The properties with the most expensive average prices have 4 bedrooms. They are 1438 % more expensive than the average followed by properties with 1 bedroom with a price at $1.44 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,220 it is 27 % more affordable than the average price in Bristol. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Condo". At a price of $1,665 it is 66 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $7 / sq.feet followed by "Condo" priced at $8 / sq.feet. "Land" is the most expensive type of property with a $49 / sq.feet value followed by "Condo" with an average price of $8 / sq.feet.