The rent prices in real estate in Great Barrington, 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 Great Barrington has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2.61. In the following month the price per sq.feet rose considerably to $3.15. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable fall of 69 % 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 $1.44 to $1 during March, and April.
When referring to the price in Great Barrington (cities), this has risen in the last 6 months. The average price during our first sample month during November, is $2,657. During December the price went through a considerable rise reaching $6,575. During the following two months (January, February) the average price had a considerable fall of 31 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,033.5 to $2,282, which means a 75 % fall.
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 $2,830 they are 15 % more affordable than the average price for Great Barrington . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,024.
According to average price per property type in Great Barrington, "" priced at $3,008 is 6 % more expensive than the average price ($2,830) in this city.