The rent prices in real estate in East Boston, in the Massachusetts region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in East Boston has fallen during the last 6 months. In July, the average price per sq.feet was $2.89. In August this price barely changed remaining at $2.88 per sq.feet. The price for the following two months in (September, October) fell 89 % with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $2.73 to $2.49 during November, and December.
When referring to the price in East Boston (cities), this has fallen considerably in the last 6 months. The average price for July is $2,736. During August the price had a considerable fall till $2,256. During the following two months (September, October) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $2,386.75 to $2,136.5 in November and December.
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 $2,165 they are 19 % more affordable than the average price for East Boston . The properties with the highest average price have 4 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,526.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.1 / sq.feet, with an average $2.47 / sq.feet price in East Boston. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.55 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,165 it is 2 % more affordable than the average price in East Boston. "Condo" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "". At a price of $2,117 it is 1 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $2.61 / sq.feet. "Condo" at an average price of $2.61 / sq.feet has the highest price and would be directed at more affluent cities.