The rent prices in real estate in Cutler Bay, in the Florida 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 Cutler Bay has risen strongly during the last 6 months. In February, the average price per sq.feet was $2.07. In the following month the price per sq.feet rose considerably to $3.75. In the following two months the price per sq.feet has practically remained the same, going from $2.91 to $2.82 per sq.feet. The price per sq.feet has risen 110 % 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 $2.86 to $3.15 during June, and July.
When referring to the price in Cutler Bay (cities), this has risen considerably in the last 6 months. In our first sample month during February, the average price is $1,879. In March This price remains at $1,969. During the following two months (April, May) the average price had a considerable rise of 119 % 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 $2,525 they are 59 % more affordable than the average price for Cutler Bay . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,416.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.43 / sq.feet, with an average $2.94 / sq.feet price in Cutler Bay. The properties with the most affordable average prices have 2 bedrooms. They are 41 % more affordable than the average followed by properties with 4 bedrooms with a price at $1.58 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,525 it is 39 % more affordable than the average price in Cutler Bay. "Condo" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "House". At a price of $3,432 it is 79 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "Condo" priced at $1.43 / sq.feet. "Villa" is the most expensive type of property with a $17.98 / sq.feet value followed by "House" with an average price of $1.61 / sq.feet.