The rent prices in real estate in Ketchikan, in the Alaska 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 Ketchikan has had a strong fall during the last 6 months. In March, the average price per sq.feet was $2.09. In the following month the price per sq.feet fell considerably to $1.71. The price for the following two months in (May, June) had a considerable fall of 72 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 $1.63 to $1.74 during July, and August.
When referring to the price in Ketchikan (cities), this has fallen in the last 6 months. The average price for March is $1,605. During April the price had a slight fall till $1,386. During the following two months (May, June) the price has had an average rise from $1,495.5 to $1,694. During the last two months the average price has fallen greatly compared to the previous four going from $1,594.75 to $1,317.5, which means a 83 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of $1,132 they are 4 % more expensive than the average price for Ketchikan. Following this ranking we find those properties with 1 at an average price of $1,187. The properties with the highest average price have 1 bedroom, Their price is 5 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,177.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $20 / sq.feet, with an average $1 / sq.feet price in Ketchikan. The properties with the most expensive average prices have 1 bedroom. They are 2400 % more expensive than the average followed by properties with 2 bedrooms with a price at $20 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of $1,132 it is 2 % more expensive than the average price in Ketchikan. "House" is seen as the second most expensive property type. The most expensive property type is "Duplex" followed by "House". At a price of $1,177 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $10 / sq.feet followed by "House" priced at $20 / sq.feet. "Duplex" is the most expensive type of property with a $29 / sq.feet value followed by "House" with an average price of $20 / sq.feet.