The rent prices in real estate in Castle Rock, in the Colorado 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 Castle Rock has had a strong fall during the last 6 months. In April, the average price per sq.feet was $15.16. In the following month the price per sq.feet fell considerably to $8.94. The price for the following two months in (June, July) fell 92 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 14 % 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 $11.6 to $1.62 during August, and September.
When referring to the price in Castle Rock (cities), this has risen in the last 6 months. In our first sample month during April, the average price is $1,750. In May This price remains at $1,755. During the following two months (June, July) the price has had an average rise from $1,752.5 to $1,914. 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 $1,833.25 and $1,850.5 between August and September.
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 $1,836 they are 20 % more affordable than the average price for Castle Rock . The properties with the highest average price have 4 bedrooms, Their price is 96 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,153.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.36 / sq.feet, with an average $1.63 / sq.feet price in Castle Rock. The properties with the most expensive average prices have 1 bedroom. They are 134 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.59 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,836 it is 11 % more affordable than the average price in Castle Rock. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,820 it is 24 % 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 $1.33 / sq.feet followed by "Condo" priced at $1.43 / sq.feet. "Office" is the most expensive type of property with a $36 / sq.feet value followed by "Apartment" with an average price of $1.62 / sq.feet.