The rent prices in real estate in Cortez, 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 Cortez has had a strong fall during the last 6 months. In May, the average price per sq.feet was $1.47. In the following month the price per sq.feet fell considerably to . The price for the following two months in (July, August) had a considerable rise of 207 %. 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 $1.13 to $1.1 during September y October
When referring to the price in Cortez (cities), this has risen in the last 6 months. The average price during our first sample month during May, is $1,500. During June the price went through a considerable rise reaching $2,024. In the following two months the average price has hardly changed with regard to the previous two months from $1,762 to $1,693. During the last two months the average price has fallen greatly compared to the previous four going from $1,727.5 to $1,303, which means a 75 % fall.
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 $1,275 they are 53 % more affordable than the average price for Cortez . The properties with the lowest average price have 3 bedrooms, Their price is 30 % more affordable than the average. After that we have properties with 2 bedrooms priced at $775.
According to average price per property type in Cortez, "" priced at $888 is 30 % lower than the average price ($1,275) in this city.