The rent prices in real estate in East Lyme, in the Connecticut 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 East Lyme has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.45. In the following month the price per sq.feet fell considerably to $2.05. The price for the following two months in (December, January) fell 87 % with regard to the previous two months. The price per sq.feet has fallen 90 % 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 $2.1 to $1.89 during February, and March.
When referring to the price in East Lyme (cities), this has fallen considerably in the last 6 months. The average price for October is $3,146. During November the price had a considerable fall till $2,265. During the following two months (December, January) the average price fell 88 % 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 92 %, going from $2,544 to $2,328 in February and March.
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 $2,265 they are 28 % more affordable than the average price for East Lyme . The properties with the highest average price have 4 bedrooms, Their price is 45 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,907.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.95 / sq.feet price in East Lyme. The properties with the most expensive average prices have 1 bedroom. They are 43 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.89 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,265 it is 17 % more affordable than the average price in East Lyme. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $2,277 it is 6 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.