The rent prices in real estate in Chugiak, in the Alaska 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 Chugiak has had a strong fall during the last 6 months. In January, the average price per sq.feet was $1.17. In the following month the price per sq.feet fell considerably to $0.96. The price for the following two months in (March, April) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 188 % 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 $0.53 to $1 during May, and June.
When referring to the price in Chugiak (cities), this has risen considerably in the last 6 months. The average price during our first sample month during January, is $1,850. During February the price went through a considerable rise reaching $2,500. During the following two months (March, April) the average price had a considerable fall of 85 % 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 117 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 4 % more expensive than the average price of $1,848 in Chugiak. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 4 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 5200 % more expensive than the average price of ($53 / sq.feet) in Chugiak. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 5200 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,781 it is 6 % more affordable than the average price in Chugiak. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,838 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $33 / sq.feet followed by "Condo" priced at $48 / sq.feet. "House" is the most expensive type of property with a $53 / sq.feet value followed by "Condo" with an average price of $48 / sq.feet.