The rent prices in real estate in Prospect, in the Connecticut 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 Prospect has had a strong fall during the last 6 months. In December, the average price per sq.feet was $94. In the following month the price per sq.feet rose to $100. The price for the following two months in (February, March) had a considerable fall of 35 with regard to the previous two months. The price per sq.feet has fallen 90 % 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 $65.25 to $59 during April, and May.
When referring to the price in Prospect (cities), this has fallen in the last 6 months. The rent price in December is $1,623, rising in January till $1,822. During the following two months (February, March) the average price had a considerable fall of 77 % 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 87 %, going from $1,524.25 to $1,333 in April and May.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 2 % more affordable than the average price of $1,301 in Prospect. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 2 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 27 % more affordable than the average price of ($43 / sq.feet) in Prospect. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 27 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,333 it is 2 % more affordable than the average price in Prospect. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,349 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $43 / sq.feet followed by "Condo" priced at $82 / sq.feet. "Condo" is the most expensive type of property with a $82 / sq.feet value followed by "House" with an average price of $43 / sq.feet.