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 November, the average price per sq.feet was $1.66. In the following month the price per sq.feet rose considerably to $205. The price for the following two months in (January, February) had a considerable fall of 4 with regard to the previous two months. The price per sq.feet has had a considerable fall of 6 % 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 $53.61 to $3.13 during March, and April.
When referring to the price in Old Lyme (cities), this has risen considerably in the last 6 months. In our first sample month during November, the average price is $3,038. In December This price remains at $3,122. During the following two months (January, February) the average price fell 87 % 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 232 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 62 % more affordable than the average price of $3,066 in Old Lyme. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 62 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 5342 % more expensive than the average price of ($191 / sq.feet) in Old Lyme. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 5342 % 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 $8,040 it is 82 % 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 "Land". At a price of $6,646 it is 1 % 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 $201 / sq.feet followed by "Land" priced at $431 / sq.feet. "Condo" is the most expensive type of property with a $528 / sq.feet value followed by "Land" with an average price of $431 / sq.feet.