The rent prices in real estate in Lenox, 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 Lenox has had a strong fall during the last 6 months. In April, the average price per sq.feet was $26. In May this price barely changed remaining at $26 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $26 to $26 per sq.feet. The price per sq.feet has had a considerable fall of 55 % 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 $26 to $14.4 during August, and September.
When referring to the price in Lenox (cities), this has risen considerably in the last 6 months. In our first sample month during April, the average price is $1,166. In May This price remains at $1,166. In the following two months the average price has hardly changed with regard to the previous two months from $1,166 to $1,166. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 140 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $2,106 they are 12 % more affordable than the average price for Lenox . The properties with the lowest average price have 1 bedroom, Their price is 11 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,859.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $11 / sq.feet, with an average $2.8 / sq.feet price in Lenox. The properties with the most expensive average prices have 1 bedroom. They are 400 % more expensive than the average followed by properties with 2 bedrooms with a price at $11 / sq.feet.
With regard to the average price based upon the property in Lenox we can see that the most affordable property type is "Apartment" at a price of $1,859, they are 12 % cheaper than the average price of (!PRECIO2!). "Apartment" has the most affordable price. This price is 12 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $11 / sq.feet. "Apartment" at an average price of $11 / sq.feet has the highest price and would be directed at more affluent cities.