The rent prices in real estate in Hyannis, 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 Hyannis has had a strong fall during the last 6 months. In August, the average price per sq.feet was $31. In the following month the price per sq.feet fell considerably to $15.25. The price for the following two months in (October, November) had a considerable fall of 22 with regard to the previous two months. The price per sq.feet has had a considerable fall of 33 % 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 $14.1 to $4.59 during December, and January.
When referring to the price in Hyannis (cities), this has risen in the last 6 months. In our first sample month during August, the average price is $1,837. In September This price remains at $1,832. During the following two months (October, November) the price has had an average rise from $1,834.5 to $1,956.5. Based on an analysis of the first four prices and the last two months the average price has increased 114 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,141 they are 42 % more affordable than the average price for Hyannis . The properties with the highest average price have 2 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,956.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.06 / sq.feet, with an average $2.17 / sq.feet price in Hyannis. The properties with the most expensive average prices have 3 bedrooms. They are 637 % more expensive than the average followed by properties with 1 bedroom with a price at $2.27 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,141 it is 43 % more affordable than the average price in Hyannis. "House" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $1,237 it is 33 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $11 / sq.feet followed by "House" priced at $16 / sq.feet. "House" is the most expensive type of property with a $16 / sq.feet value followed by "Condo" with an average price of $11 / sq.feet.