The rent prices in real estate in Patchogue, in the New York 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 Patchogue has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3.99. In the following month the price per sq.feet fell to $3.41. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per sq.feet has fallen 89 % 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 $3.47 to $3.11 during February, and March.
When referring to the price in Patchogue (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,524. In November This price remains at $2,478. In the following two months the average price has hardly changed with regard to the previous two months from $2,501 to $2,606.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 $2,715 they are 12 % more affordable than the average price for Patchogue . The properties with the highest average price have 2 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,652.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $3.13 / sq.feet, with an average $3.08 / sq.feet price in Patchogue. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.13 / sq.feet.
According to average price per property type in Patchogue, "" priced at $2,652 is 2 % lower than the average price ($2,715) in this city.