The rent prices in real estate in Gilbert, in the Arizona 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 Gilbert has had a strong fall during the last 6 months. In November, the average price per sq.feet was $45.1. In the following month the price per sq.feet rose to $48.82. The price for the following two months in (January, February) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 14 % 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 $35.16 to $4.95 during March, and April.
When referring to the price in Gilbert (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $1,344. In December This price remains at $1,348. During the following two months (January, February) the price has had an average rise from $1,346 to $1,415. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 $1,503 they are 20 % more affordable than the average price for Gilbert . The properties with the highest average price have 4 bedrooms, Their price is 49 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,687.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $4.59 / sq.feet, with an average $6.07 / sq.feet price in Gilbert. The properties with the most expensive average prices have 1 bedroom. They are 70 % more expensive than the average followed by properties with 2 bedrooms with a price at $6.9 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,503 it is 17 % more affordable than the average price in Gilbert. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,558 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $3.95 / sq.feet followed by "Land" priced at $10.44 / sq.feet. "Apartment" is the most expensive type of property with a $43 / sq.feet value followed by "House" with an average price of $13.45 / sq.feet.