The rent prices in real estate in Kensington, in the Maryland 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 Kensington has had a strong fall during the last 6 months. In January, the average price per sq.feet was $32. In the following month the price per sq.feet fell to $28. The price for the following two months in (March, April) had a considerable fall of 55 with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $23.25 to $21.69 during May, and June.
When referring to the price in Kensington (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $2,277. In February This price remains at $2,339. During the following two months (March, April) the average price had a considerable fall of 85 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 133 % during the last two months.
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 $3,092 they are 56 % more affordable than the average price for Kensington . The properties with the lowest average price have 2 bedrooms, Their price is 13 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,365.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $26 / sq.feet, with an average $42 / sq.feet price in Kensington. The properties with the most affordable average prices have 2 bedrooms. They are 24 % more affordable than the average followed by properties with 1 bedroom with a price at $26 / sq.feet.
With regard to the average price based upon the property in Kensington we can see that the most affordable property type is "House" at a price of $2,222, they are 28 % cheaper than the average price of (!PRECIO2!). "House" has the most affordable price. This price is 28 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $32 / sq.feet. "House" with an average price of $32 / sq.feet has the most affordable price and would be directed at less affluent cities.