The rent prices in real estate in Gloucester, in the Massachusetts 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 Gloucester has had a strong fall during the last 6 months. In July, the average price per sq.feet was $20.14. In the following month the price per sq.feet fell considerably to $1.98. The price for the following two months in (September, October) had a considerable fall of 18 with regard to the previous two months. The price per sq.feet has had a considerable fall of 32 % 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 $6.51 to $2.11 during November, and December.
When referring to the price in Gloucester (cities), this has fallen in the last 6 months. The average price for July is $1,977. During August the price had a slight fall till $1,797. During the following two months (September, October) the average price fell 92 % 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 89 %, going from $1,810.5 to $1,606 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 $1,506 they are 14 % more affordable than the average price for Gloucester . The properties with the highest average price have 3 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,765.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.13 / sq.feet, with an average $2.21 / sq.feet price in Gloucester. The properties with the most expensive average prices have 3 bedrooms. They are 805 % more expensive than the average followed by properties with 2 bedrooms with a price at $18 / sq.feet.
According to average price per property type in Gloucester, "" priced at $1,765 is 17 % more expensive than the average price ($1,506) in this city.