The rent prices in real estate in Hobe Sound, in the Florida 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 Hobe Sound has had a strong fall during the last 6 months. In March, the average price per sq.feet was $69. In the following month the price per sq.feet fell considerably to $1.69. The price for the following two months in (May, June) had a considerable fall of 21 with regard to the previous two months. The price per sq.feet has had a considerable fall of 6 % 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 $21.3 to $1.37 during July, and August.
When referring to the price in Hobe Sound (cities), this has fallen in the last 6 months. The average price during our first sample month during March, is $2,432. During April the price went through a considerable rise reaching $2,848. During the following two months (May, June) the average price had a considerable fall of 76 % 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 91 %, going from $2,329.25 to $2,130.5 in July and August.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $2,161 they are 11 % more expensive than the average price for Hobe Sound. Following this ranking we find those properties with 2 at an average price of $2,548. The properties with the highest average price have 2 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,394.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $45 / sq.feet, with an average $1.3 / sq.feet price in Hobe Sound. The properties with the most expensive average prices have 2 bedrooms. They are 7592 % more expensive than the average followed by properties with 1 bedroom with a price at $45 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $2,161 it is 6 % more affordable than the average price in Hobe Sound. "Garage" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Garage". At a price of $2,533 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Villa" at an average price of $5 / sq.feet followed by "Garage" priced at $95 / sq.feet. "House" is the most expensive type of property with a $100 / sq.feet value followed by "Garage" with an average price of $95 / sq.feet.