The rent prices in real estate in Piermont, 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 Piermont has had a strong fall during the last 6 months. In December, the average price per sq.feet was $2.23. In the following month the price per sq.feet rose to $2.38. The price for the following two months in (February, March) had a considerable fall of 46 with regard to the previous two months. The price per sq.feet has had a considerable rise of 119 % 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 $1.68 to $2 during April, and May.
When referring to the price in Piermont (cities), this has fallen in the last 6 months. In our first sample month during December, the average price is $2,485. In January This price remains at $2,491. During the following two months (February, March) the average price had a considerable fall of 48 % 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 179 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $3,298 they are 25 % more affordable than the average price for Piermont . The properties with the lowest average price have 1 bedroom, Their price is 0 % more affordable than the average. After that we have properties with 2 bedrooms priced at $2,482.
With regard to the average prices per sq.feet those properties with 1 bedroom are 50 % more affordable than the average price of ($1 / sq.feet) in Piermont. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 50 % more affordable than the average value aforementioned.
According to average price per property type in Piermont, "" priced at $2,482 is 25 % lower than the average price ($3,298) in this city.