The rent prices in real estate in Hampton Bays, in the New York 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 Hampton Bays has had a strong fall during the last 6 months. In August, the average price per sq.feet was $14.35. In the following month the price per sq.feet fell considerably to $6.5. The price for the following two months in (October, November) fell 90 % with regard to the previous two months. The price per sq.feet has risen 107 % 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 $9.9 to $10.64 during December, and January.
When referring to the price in Hampton Bays (cities), this has fallen considerably in the last 6 months. The average price for August is $47,775. During September the price had a considerable fall till $14,680. During the following two months (October, November) the average price had a considerable fall of 43 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $22,394.5 and $21,711.5 between December and January.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 19 % more affordable than the average price of $19,223 in Hampton Bays. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 19 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 89 % more expensive than the average price of ($24 / sq.feet) in Hampton Bays. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 89 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $23,676 it is 23 % more affordable than the average price in Hampton Bays. "House" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "Land". At a price of $19,584 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $24 / sq.feet followed by "Condo" priced at $37 / sq.feet. "Land" is the most expensive type of property with a $287 / sq.feet value followed by "Commercial" with an average price of $210 / sq.feet.