The rent prices in real estate in Coral Gables, in the Florida 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 Coral Gables has had a strong fall during the last 6 months. In September, the average price per sq.feet was $7.96. In the following month the price per sq.feet fell considerably to $4.17. The price for the following two months in (November, December) had a considerable fall of 51 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $4.58 to $4.76 during January y February
When referring to the price in Coral Gables (cities), this has fallen in the last 6 months. The average price for September is $2,758. During October the price had a slight fall till $2,524. During the following two months (November, December) the average price fell 93 % 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 increased 108 % 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 $3,021 they are 44 % more affordable than the average price for Coral Gables . The properties with the highest average price have 4 bedrooms, Their price is 93 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,714.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.06 / sq.feet, with an average $6.24 / sq.feet price in Coral Gables. The properties with the most affordable average prices have 1 bedroom. They are 62 % more affordable than the average followed by properties with 3 bedrooms with a price at $2.38 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,021 it is 44 % more affordable than the average price in Coral Gables. "Villa" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $4,350 it is 139 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $1.56 / sq.feet followed by "Villa" priced at $2.16 / sq.feet. "Townhouse" is the most expensive type of property with a $30.05 / sq.feet value followed by "Condo" with an average price of $2.51 / sq.feet.