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 July, the average price per sq.feet was $4.4. In the following month the price per sq.feet fell considerably to $1.04. The price for the following two months in (September, October) had a considerable fall of 40 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.9 to $1.91 during November y December
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 July, the average price is $1,433. In August This price remains at $1,467. In the following two months the average price has hardly changed with regard to the previous two months from $1,450 to $1,422.5. 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 $1,436.25 and $1,481 between November and December.
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 $1,562 they are 36 % more affordable than the average price for Cape Coral . The properties with the highest average price have 3 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,668.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.89 / sq.feet, with an average $2.37 / sq.feet price in Cape Coral. The properties with the most affordable average prices have 1 bedroom. They are 45 % more affordable than the average followed by properties with 3 bedrooms with a price at $1.26 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,562 it is 9 % more affordable than the average price in Cape Coral. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,543 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.01 / sq.feet followed by "House" priced at $1.49 / sq.feet. "Apartment" is the most expensive type of property with a $31 / sq.feet value followed by "Commercial" with an average price of $27 / sq.feet.