The rent prices in real estate in East Hampton, 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 East Hampton has risen strongly during the last 6 months. In January, the average price per sq.feet was $119. In the following month the price per sq.feet rose considerably to $395.69. The price for the following two months in (March, April) had a considerable rise of 193 %. The price per sq.feet has had a considerable fall of 41 % 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 $377.38 to $156.12 during May, and June.
When referring to the price in East Hampton (cities), this has risen in the last 6 months. In our first sample month during January, the average price is $27,646. In February This price remains at $28,788. During the following two months (March, April) the price has had an average rise from $28,217 to $31,938. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $30,077.5 and $31,294 between May and June.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 9 % more expensive than the average price of $34,071 in East Hampton. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 9 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 7 % more affordable than the average price of ($139 / sq.feet) in East Hampton. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 7 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $31,374 it is 17 % more affordable than the average price in East Hampton. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $33,898 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $77 / sq.feet followed by "Land" priced at $83 / sq.feet. "House" is the most affordable type of property with a $139 / sq.feet value followed by "Apartment" with an average price of $134 / sq.feet.