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.