The rent prices in real estate in New London, 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 London has fallen during the last 6 months. In September, the average price per sq.feet was $1.73. In the following month the price per sq.feet fell to $1.51. The price for the following two months in (November, December) fell 88 % 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 $1.52 to $1.51 during January y February
When referring to the price in New London (cities), this has risen in the last 6 months. In our first sample month during September, the average price is $1,270. In October This price remains at $1,243. During the following two months (November, December) the price has had an average rise from $1,256.5 to $1,342.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
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 $1,350 they are 27 % more affordable than the average price for New London . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,198.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.49 / sq.feet price in New London. The properties with the most expensive average prices have 4 bedrooms. They are 1175 % more expensive than the average followed by properties with 2 bedrooms with a price at $17.53 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,350 it is 28 % more affordable than the average price in New London. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $985 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Duplex" at an average price of $8 / sq.feet followed by "Townhouse" priced at $9 / sq.feet. "House" is the most expensive type of property with a $19 / sq.feet value followed by "Townhouse" with an average price of $9 / sq.feet.