The rent prices in real estate in Old Orchard Beach, in the Maine 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 Orchard Beach has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.51. In the following month the price per sq.feet rose considerably to $2. In the following two months the price per sq.feet has risen 107 %, going from $1.75 to $1.88 per sq.feet. The price per sq.feet has had a considerable fall of 82 % 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 $1.82 to $1.5 during March, and April.
When referring to the price in Old Orchard Beach (cities), this has risen considerably in the last 6 months. In our first sample month during November, the average price is $1,775. In December This price remains at $1,698. During the following two months (January, February) the average price had a considerable rise of 131 % 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 160 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 3 % more expensive than the average price of $1,641 in Old Orchard Beach. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 3 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % more expensive than the average price of ($2 / sq.feet) in Old Orchard Beach. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 100 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,598 it is 12 % more affordable than the average price in Old Orchard Beach. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,631 it is 3 % 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 $2 / sq.feet followed by "Office" priced at $7 / sq.feet. "Office" is the most expensive type of property with a $7 / sq.feet value followed by "House" with an average price of $2 / sq.feet.