Property prices for rent in Purchase (New York)
The rent prices in real estate in Purchase, 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 Purchase has had a strong fall during the last 6 months. In March, the average price per sq.feet was $62. In April this price barely changed remaining at $62 per sq.feet. The price for the following two months in (May, June) had a considerable fall of 2 with regard to the previous two months. The price per sq.feet has had a considerable fall of 3 % 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 $31.5 to $1 during July, and August.
When referring to the price in Purchase (cities), this has risen considerably in the last 6 months. In our first sample month during March, the average price is $6,464. In April This price remains at $6,464. During the following two months (May, June) the average price had a considerable rise of 158 % 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 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 $10,195 they are 37 % more affordable than the average price for Purchase . The properties with the lowest average price have 2 bedrooms, Their price is 8 % more affordable than the average. After that we have properties with 1 bedroom priced at $6,387.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $51 / sq.feet, with an average $1 / sq.feet price in Purchase. The properties with the most expensive average prices have 2 bedrooms. They are 14000 % more expensive than the average followed by properties with 1 bedroom with a price at $51 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $10,195 it is 8 % 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 $9,417 it is 4 % 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 $27 / sq.feet followed by "House" priced at $141 / sq.feet. "House" is the most expensive type of property with a $141 / sq.feet value followed by "Land" with an average price of $27 / sq.feet.
