The rent prices in real estate in New Hartford, 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 New Hartford has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.89. In the following month the price per sq.feet fell considerably to $1.49. The price for the following two months in (December, January) had a considerable fall of 64 with regard to the previous two months. The price per sq.feet has fallen 86 % 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 $1.38 to $1.2 during February, and March.
When referring to the price in New Hartford (cities), this has risen considerably in the last 6 months. The average price for October is $1,433. During November the price had a considerable fall till $1,138. During the following two months (December, January) the average price had a considerable rise of 143 % 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 131 % 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 $2,100 they are 44 % more affordable than the average price for New Hartford . The properties with the lowest average price have 2 bedrooms, Their price is 17 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,175.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 1759 % more expensive than the average price of ($29 / sq.feet) in New Hartford. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 1759 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,100 it is 44 % more affordable than the average price in New Hartford. "Land" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $1,730 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $22 / sq.feet followed by "House" priced at $29 / sq.feet. "House" is the most expensive type of property with a $29 / sq.feet value followed by "Land" with an average price of $22 / sq.feet.