The rent prices in real estate in New Canaan, in the Connecticut region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in New Canaan has fallen during the last 6 months. In September, the average price per sq.feet was $3.83. In the following month the price per sq.feet fell considerably to $3.15. The price for the following two months in (November, December) fell 94 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $3.39 to $3.29 during January y February
When referring to the price in New Canaan (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is $5,006. During October the price went through a considerable rise reaching $6,207. During the following two months (November, December) the average price had a considerable rise of 115 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $6,034.5 to $5,584.5 in January and February.
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 $5,144 they are 33 % more affordable than the average price for New Canaan . The properties with the highest average price have 4 bedrooms, Their price is 106 % more expensive than the average. After that we have properties with 3 bedrooms priced at $7,009.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $3.44 / sq.feet, with an average $3.39 / sq.feet price in New Canaan. The properties with the most expensive average prices have 3 bedrooms. They are 4266 % more expensive than the average followed by properties with 4 bedrooms with a price at $101 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $5,144 it is 14 % more affordable than the average price in New Canaan. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $4,668 it is 123 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $4 / sq.feet followed by "Condo" priced at $80 / sq.feet. "Townhouse" is the most expensive type of property with a $236 / sq.feet value followed by "Duplex" with an average price of $231 / sq.feet.