The rent prices in real estate in Philmont, 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 Philmont has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1. In December this price barely changed remaining at $1 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 56 with regard to the previous two months. The price per sq.feet has risen 114 % 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 $0.78 to $0.89 during March, and April.
When referring to the price in Philmont (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $1,708. In December This price remains at $1,736. During the following two months (January, February) the average price had a considerable rise of 119 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $1,883.5 to $1,625.5 in March and April.