The rent prices in real estate in Newcastle, in the Oklahoma 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 Newcastle has had a strong fall during the last 6 months. In February, the average price per sq.feet was $0.83. In the following month the price per sq.feet fell to $0.77. The price for the following two months in (April, May) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has risen 114 % 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 $0.4 to $0.46 during June, and July.
When referring to the price in Newcastle (cities), this has risen in the last 6 months. In our first sample month during February, the average price is $1,049. In March This price remains at $1,020. During the following two months (April, May) the price has had an average rise from $1,034.5 to $1,092. 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 $1,278 they are 35 % more affordable than the average price for Newcastle . The properties with the lowest average price have 2 bedrooms, Their price is 14 % more affordable than the average. After that we have properties with 1 bedroom priced at $825.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $4 / sq.feet, with an average $0.91 / sq.feet price in Newcastle. The properties with the most expensive average prices have 1 bedroom. They are 1109 % more expensive than the average followed by properties with 2 bedrooms with a price at $4 / sq.feet.
With regard to the average price based upon the property in Newcastle we can see that the most affordable property type is "House" at a price of $1,099, they are 14 % cheaper than the average price of (!PRECIO2!). "House" has the most affordable price. This price is 14 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $4 / sq.feet. "House" at an average price of $4 / sq.feet has the highest price and would be directed at more affluent cities.