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 $1.94. In the following month the price per sq.feet fell considerably to $1.61. The price for the following two months in (July, August) had a considerable fall of 71 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 $1.52 to $1.58 during September y October
When referring to the price in Cortez (cities), this has risen considerably in the last 6 months. The average price during our first sample month during May, is $1,697. During June the price went through a considerable rise reaching $2,144. During the following two months (July, August) the price has had an average rise from $1,920.5 to $2,189. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $2,054.75 to $1,877 in September and October.
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 $2,144 they are 73 % more affordable than the average price for Cortez . The properties with the lowest average price have 3 bedrooms, Their price is 59 % more affordable than the average. After that we have properties with 2 bedrooms priced at $768.
According to average price per property type in Cortez, "" priced at $881 is 59 % lower than the average price ($2,144) in this city.