The rent prices in real estate in Cutchogue, in the New York region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Cutchogue has risen strongly during the last 6 months. In October, the average price per sq.feet was $13.81. In the following month the price per sq.feet fell considerably to $10. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable rise of 4496 % 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 $10.97 to $493.36 during February, and March.
When referring to the price in Cutchogue (cities), this has fallen in the last 6 months. The average price for October is $24,654. During November the price had a considerable fall till $19,227. During the following two months (December, January) the average price had a considerable fall of 83 % 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 124 % 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 $25,000 they are 88 % more affordable than the average price for Cutchogue . The properties with the highest average price have 4 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 2 bedrooms priced at $25,948.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $3 / sq.feet, with an average $439.84 / sq.feet price in Cutchogue. The properties with the most expensive average prices have 4 bedrooms. They are 177 % more expensive than the average followed by properties with 2 bedrooms with a price at $22 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $25,000 it is 61 % more affordable than the average price in Cutchogue. "House" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $20,158 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $4 / sq.feet followed by "Detached House" priced at $9 / sq.feet. "House" is the most affordable type of property with a $11 / sq.feet value followed by "Detached House" with an average price of $9 / sq.feet.