The rent prices in real estate in Lynnwood, in the Washington 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 Lynnwood has had a strong fall during the last 6 months. In May, the average price per sq.feet was $8.64. In the following month the price per sq.feet rose considerably to $10.77. The price for the following two months in (July, August) had a considerable fall of 66 with regard to the previous two months. The price per sq.feet has had a considerable fall of 21 % 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 $8.05 to $1.68 during September, and October.
When referring to the price in Lynnwood (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $1,908. In June This price remains at $1,941. In the following two months the average price has hardly changed with regard to the previous two months from $1,924.5 to $1,870.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,897.5 to $1,716 in September and October.
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 $1,636 they are 17 % more affordable than the average price for Lynnwood . The properties with the highest average price have 4 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,083.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.23 / sq.feet, with an average $1.7 / sq.feet price in Lynnwood. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.71 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,636 it is 6 % more affordable than the average price in Lynnwood. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,885 it is 44 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.38 / sq.feet followed by "House" priced at $1.81 / sq.feet. "House" is the most expensive type of property with a $1.81 / sq.feet value followed by "Condo" with an average price of $1.38 / sq.feet.