The rent prices in real estate in Purchase, in the New York region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Purchase has risen strongly during the last 6 months. In August, the average price per sq.feet was $2.07. In the following month the price per sq.feet rose considerably to $63. In the following two months the price per sq.feet has practically remained the same, going from $32.53 to $32.5 per sq.feet. The price per sq.feet has had a considerable fall of 6 % 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 $32.52 to $2 during December, and January.
When referring to the price in Purchase (cities), this has fallen in the last 6 months. The average price for August is $10,217. During September the price had a considerable fall till $6,471. In the following two months the average price has hardly changed with regard to the previous two months from $8,344 to $8,338.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 122 % 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 $10,206 they are 37 % more affordable than the average price for Purchase . The properties with the lowest average price have 2 bedrooms, Their price is 7 % more affordable than the average. After that we have properties with 1 bedroom priced at $6,436.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $58 / sq.feet, with an average $2 / sq.feet price in Purchase. The properties with the most expensive average prices have 2 bedrooms. They are 7300 % more expensive than the average followed by properties with 1 bedroom with a price at $58 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $10,206 it is 7 % more affordable than the average price in Purchase. "Land" is seen as the second most affordable property type. The most affordable property is "Land" followed by "House". At a price of $9,487 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $34 / sq.feet followed by "House" priced at $148 / sq.feet. "House" is the most expensive type of property with a $148 / sq.feet value followed by "Land" with an average price of $34 / sq.feet.