The rent prices in real estate in Central Islip, in the New York 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 Central Islip has had a strong fall during the last 6 months. In August, the average price per sq.feet was $5. In the following month the price per sq.feet fell considerably to $2. The price for the following two months in (October, November) had a considerable fall of 72 with regard to the previous two months. The price per sq.feet has fallen 95 % 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 $3.01 to $2.86 during December, and January.
When referring to the price in Central Islip (cities), this has fallen in the last 6 months. The average price for August is $2,447. During September the price had a slight fall till $2,171. During the following two months (October, November) the average price fell 87 % 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 had a strong increase of 120 % 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 $3,075 they are 43 % more affordable than the average price for Central Islip . The properties with the lowest average price have 2 bedrooms, Their price is 28 % more affordable than the average. After that we have properties with 3 bedrooms priced at $2,019.
With regard to the average prices per sq.feet those properties with 1 bedroom are 39 % more affordable than the average price of ($2 / sq.feet) in Central Islip. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 39 % more affordable than the average value aforementioned.
According to average price per property type in Central Islip, "" priced at $2,010 is 35 % lower than the average price ($3,075) in this city.