The rent prices in real estate in Key West, 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 Key West has had a strong fall during the last 6 months. In April, the average price per sq.feet was $3.68. In May this price barely changed remaining at $3.56 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $3.62 to $3.61 per sq.feet. The price per sq.feet has had a considerable fall of 56 % 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 $3.61 to $2.01 during August, and September.
When referring to the price in Key West (cities), this has fallen considerably in the last 6 months. The average price for April is $6,192. During May the price had a considerable fall till $3,937. During the following two months (June, July) the average price fell 90 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $4,799.75 to $2,214, which means a 46 % fall.