The rent prices in real estate in Colorado City, 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 Colorado City has had a strong fall during the last 6 months. In May, the average price per sq.feet was $16. In June this price barely changed remaining at $16 per sq.feet. In the following two months the price per sq.feet has risen 110 %, going from $16 to $17.6 per sq.feet. The price per sq.feet has had a considerable fall of 8 % 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 $16.8 to $1.35 during September, and October.
When referring to the price in Colorado City (cities), this has risen considerably in the last 6 months. In our first sample month during May, the average price is $716. In June This price remains at $721. During the following two months (July, August) the average price had a considerable rise of 140 % 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 141 % 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 $1,213 they are 19 % more affordable than the average price for Colorado City . The properties with the highest average price have 4 bedrooms, Their price is 75 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,555.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.78 / sq.feet, with an average $1.36 / sq.feet price in Colorado City. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.3 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,213 it is 9 % more affordable than the average price in Colorado City. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of $2,551 it is 336 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $0.85 / sq.feet followed by "House" priced at $1.45 / sq.feet. "Office" is the most expensive type of property with a $5.75 / sq.feet value followed by "House" with an average price of $1.45 / sq.feet.