The rent prices in real estate in Durango, 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 Durango has had a strong fall during the last 6 months. In February, the average price per sq.feet was $1.5. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (April, May) fell 94 % with regard to the previous two months. The price per sq.feet has risen 105 % 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 $1.21 to $1.27 during June, and July.
When referring to the price in Durango (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,447. In March This price remains at $1,420. During the following two months (April, May) the price has had an average rise from $1,433.5 to $1,635.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,534.5 to $1,432.5 in June and July.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,199 they are 19 % more expensive than the average price for Durango. Following this ranking we find those properties with 3 at an average price of $1,584. The properties with the highest average price have 4 bedrooms, Their price is 94 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,618.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $1.37 / sq.feet price in Durango. The properties with the most expensive average prices have 4 bedrooms. They are 3915 % more expensive than the average followed by properties with 3 bedrooms with a price at $5 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $1,199 it is 12 % more expensive than the average price in Durango. "Commercial" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Commercial". At a price of $1,394 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $11 / sq.feet followed by "House" priced at $21 / sq.feet. "House" is the most expensive type of property with a $21 / sq.feet value followed by "Commercial" with an average price of $11 / sq.feet.