The rent prices in real estate in East Saint Louis, in the Illinois 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 Saint Louis has had a strong fall during the last 6 months. In April, the average price per sq.feet was $8.63. In May this price barely changed remaining at $8.68 per sq.feet. In the following two months the price per sq.feet has risen 112 %, going from $8.65 to $9.66 per sq.feet. The price per sq.feet has had a considerable fall of 10 % 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 $9.16 to $0.9 during August, and September.
When referring to the price in East Saint Louis (cities), this has risen considerably in the last 6 months. The average price for April is $757. During May the price had a slight fall till $711. During the following two months (June, July) the average price had a considerable rise of 133 % 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 increased 112 % 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 $1,008 they are 35 % more affordable than the average price for East Saint Louis . The properties with the lowest average price have 3 bedrooms, Their price is 10 % more affordable than the average. After that we have properties with 4 bedrooms priced at $724.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $3 / sq.feet, with an average $0.83 / sq.feet price in East Saint Louis. The properties with the most expensive average prices have 1 bedroom. They are 984 % more expensive than the average followed by properties with 4 bedrooms with a price at $8 / sq.feet.
With regard to the average price based upon the property in East Saint Louis we can see that the most affordable property type is "Land" at a price of $724, they are 28 % cheaper than the average price of (!PRECIO2!). "Land" has the most affordable price. This price is 28 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "Land with an average cost of $8 / sq.feet. "Land" at an average price of $8 / sq.feet has the highest price and would be directed at more affluent cities.