The rent prices in real estate in Cape Coral, in the Florida 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 Cape Coral has had a strong fall during the last 6 months. In February, the average price per sq.feet was $1.7. In the following month the price per sq.feet fell considerably to $1.05. The price for the following two months in (April, May) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $1.25 to $1.14 during June, and July.
When referring to the price in Cape Coral (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,468. In March This price remains at $1,419. In the following two months the average price has hardly changed with regard to the previous two months from $1,443.5 to $1,417.5. 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 $1,430.5 and $1,500 between June and July.
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 $1,519 they are 16 % more affordable than the average price for Cape Coral . The properties with the highest average price have 4 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,640.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.02 / sq.feet, with an average $1.16 / sq.feet price in Cape Coral. The properties with the most expensive average prices have 1 bedroom. They are 1260 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.18 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,519 it is 8 % more affordable than the average price in Cape Coral. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Duplex". At a price of $1,454 it is 7 % 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 $1.07 / sq.feet followed by "Condo" priced at $1.15 / sq.feet. "Duplex" is the most expensive type of property with a $30 / sq.feet value followed by "Commercial" with an average price of $25 / sq.feet.