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 February, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $58. The price for the following two months in (April, May) had a considerable fall of 8 with regard to the previous two months. The price per sq.feet has had a considerable fall of 19 % 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 $15.72 to $3 during June, and July.
When referring to the price in Purchase (cities), this has fallen considerably in the last 6 months. The average price for February is $10,162. During March the price had a considerable fall till $6,436. During the following two months (April, May) the average price had a considerable rise of 175 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $11,427.25 to $3,396, which means a 30 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $3,396 they are 83 % more expensive than the average price for Purchase. Following this ranking we find those properties with 2 at an average price of $9,187. The properties with the highest average price have 2 bedrooms, Their price is 171 % more expensive than the average. After that we have properties with 1 bedroom priced at $6,226.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $28 / sq.feet, with an average $3 / sq.feet price in Purchase. The properties with the most expensive average prices have 2 bedrooms. They are 3833 % more expensive than the average followed by properties with 1 bedroom with a price at $28 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $3,396 it is 171 % more expensive than the average price in Purchase. "Land" is seen as the second most expensive property type. The most expensive property type is "Land" followed by "House". At a price of $9,187 it is 182 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $4 / sq.feet followed by "House" priced at $118 / sq.feet. "House" is the most expensive type of property with a $118 / sq.feet value followed by "Land" with an average price of $4 / sq.feet.