The rent prices in real estate in Mountlake Terrace, 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 Mountlake Terrace has had a strong fall during the last 6 months. In May, the average price per sq.feet was $41.44. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (July, August) had a considerable fall of 8 with regard to the previous two months. The price per sq.feet has had a considerable fall of 18 % 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 $11.49 to $2.08 during September, and October.
When referring to the price in Mountlake Terrace (cities), this has fallen in the last 6 months. The average price for May is $1,903. During June the price had a considerable fall till $1,524. During the following two months (July, August) the price has had an average rise from $1,713.5 to $1,885. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $1,799.25 to $1,645.5 in September and October.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,653 they are 6 % more affordable than the average price for Mountlake Terrace . The properties with the highest average price have 3 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,689.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.99 / sq.feet, with an average $2.16 / sq.feet price in Mountlake Terrace. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.99 / sq.feet.
According to average price per property type in Mountlake Terrace, "" priced at $1,561 is 6 % lower than the average price ($1,653) in this city.