The rent prices in real estate in Litchfield, in the Connecticut 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 Litchfield has had a strong fall during the last 6 months. In January, the average price per sq.feet was $121. In the following month the price per sq.feet rose considerably to $186. The price for the following two months in (March, April) had a considerable fall of 3 with regard to the previous two months. The price per sq.feet has had a considerable fall of 7 % 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 $78.81 to $5.64 during May, and June.
When referring to the price in Litchfield (cities), this has risen considerably in the last 6 months. The average price during our first sample month during January, is $1,936. During February the price went through a considerable rise reaching $2,848. During the following two months (March, April) the average price had a considerable rise of 444 % 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 188 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 87 % more affordable than the average price of $1,908 in Litchfield. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 87 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1615 % more expensive than the average price of ($107 / sq.feet) in Litchfield. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1615 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $14,364 it is 87 % more affordable than the average price in Litchfield. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,888 it is 87 % 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 $97 / sq.feet followed by "House" priced at $107 / sq.feet. "House" is the most expensive type of property with a $107 / sq.feet value followed by "Condo" with an average price of $97 / sq.feet.