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 March, the average price per sq.feet was $1.4. In the following month the price per sq.feet fell considerably to $1.12. The price for the following two months in (May, June) fell 87 % with regard to the previous two months. The price per sq.feet has fallen 90 % 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 $1.18 to $1.05 during July, and August.
When referring to the price in Chugiak (cities), this has risen considerably in the last 6 months. The rent price in March is $1,742, rising in April till $1,955. During the following two months (May, June) the average price had a considerable rise of 125 % with regard to the previous two months. 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 $2,081.5 and $2,051 between July and August.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 5 % more expensive than the average price of $1,858 in Chugiak. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 5 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 5700 % more expensive than the average price of ($58 / 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 5700 % 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 $1,769 it is 4 % more affordable than the average price in Chugiak. "Land" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Townhouse". At a price of $1,698 it is 5 % 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 $43 / sq.feet followed by "Land" priced at $58 / sq.feet. "Land" is the most expensive type of property with a $58 / sq.feet value followed by "Townhouse" with an average price of $43 / sq.feet.