The rent prices in real estate in Panama City, in the Florida 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 Panama City has had a strong fall during the last 6 months. In April, the average price per sq.feet was $9.8. In the following month the price per sq.feet fell considerably to $7.47. The price for the following two months in (June, July) fell 90 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 14 % 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 $8.18 to $1.11 during August, and September.
When referring to the price in Panama City (cities), this has risen in the last 6 months. The rent price in April is $1,170, rising in May till $1,295. During the following two months (June, July) the price has had an average rise from $1,232.5 to $1,330.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,281.5 and $1,321.5 between August and September.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 15 % more affordable than the average price of $1,090 in Panama City. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 15 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2555 % more expensive than the average price of ($30 / sq.feet) in Panama City. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2555 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,280 it is 20 % more affordable than the average price in Panama City. "Commercial" is seen as the second most affordable property type. The most affordable property is "House" followed by "Commercial". At a price of $1,033 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $5 / sq.feet followed by "Commercial" priced at $10 / sq.feet. "House" is the most expensive type of property with a $30 / sq.feet value followed by "Commercial" with an average price of $10 / sq.feet.