The rent prices in real estate in Marathon, 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 Marathon has had a strong fall during the last 6 months. In October, the average price per sq.feet was $8. In November this price barely changed remaining at $7.94 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 81 with regard to the previous two months. The price per sq.feet has fallen 88 % 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 $7.22 to $6.37 during February, and March.
When referring to the price in Marathon (cities), there have hardly been any changes in the last 6 months. The average price for October is $5,679. During November the price had a slight fall till $5,092. In the following two months the average price has hardly changed with regard to the previous two months from $5,385.5 to $5,486. Based on an analysis of the first four prices and the last two months the average price has increased 112 % during the last two months.
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 $5,589 they are 42 % more affordable than the average price for Marathon . The properties with the highest average price have 4 bedrooms, Their price is 192 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,871.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.92 / sq.feet, with an average $8.38 / sq.feet price in Marathon. The properties with the most affordable average prices have 4 bedrooms. They are 35 % more affordable than the average followed by properties with 2 bedrooms with a price at $4.5 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $5,589 it is 51 % more affordable than the average price in Marathon. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $5,165 it is 82 % 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 $3.44 / sq.feet followed by "Land" priced at $5.24 / sq.feet. "Villa" is the most expensive type of property with a $58 / sq.feet value followed by "House" with an average price of $26.84 / sq.feet.