The rent prices in real estate in Old Lyme, in the Connecticut region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Old Lyme has risen strongly during the last 6 months. In June, the average price per sq.feet was $208. In the following month the price per sq.feet rose considerably to $452. The price for the following two months in (August, September) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has had a considerable fall of 72 % 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 $304.61 to $219 during October, and November.
When referring to the price in Old Lyme (cities), this has risen considerably in the last 6 months. The average price during our first sample month during June, is $3,134. During July the price went through a considerable rise reaching $6,793. In the following two months the average price has hardly changed with regard to the previous two months from $4,963.5 to $4,845. During the last two months the average price has fallen greatly compared to the previous four going from $4,904.25 to $3,309, which means a 67 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 6 % more affordable than the average price of $3,114 in Old Lyme. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 6 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 7 % more affordable than the average price of ($203 / sq.feet) in Old Lyme. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 7 % more affordable 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 $3,309 it is 55 % more affordable than the average price in Old Lyme. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $6,730 it is 150 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $213 / sq.feet followed by "Apartment" priced at $443 / sq.feet. "Condo" is the most expensive type of property with a $545 / sq.feet value followed by "Apartment" with an average price of $443 / sq.feet.