The rent prices in real estate in Chestnut Hill, in the Massachusetts 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 Chestnut Hill has had a strong fall during the last 6 months. In July, the average price per sq.feet was $67.07. In the following month the price per sq.feet rose to $73.5. The price for the following two months in (September, October) had a considerable fall of 41 with regard to the previous two months. The price per sq.feet has had a considerable fall of 5 % 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 $49.45 to $2.41 during November, and December.
When referring to the price in Chestnut Hill (cities), this has fallen in the last 6 months. In our first sample month during July, the average price is $3,425. In August This price remains at $3,316. During the following two months (September, October) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $3,242.5 to $2,983 in 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 $3,120 they are 22 % more affordable than the average price for Chestnut Hill . The properties with the highest average price have 3 bedrooms, Their price is 33 % more expensive than the average. After that we have properties with 4 bedrooms priced at $4,075.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.14 / sq.feet, with an average $2.49 / sq.feet price in Chestnut Hill. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.59 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,120 it is 24 % more affordable than the average price in Chestnut Hill. "Condo" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "". At a price of $2,374 it is 2 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $3.12 / sq.feet. "Condo" at an average price of $3.12 / sq.feet has the highest price and would be directed at more affluent cities.