The rent prices in real estate in Putnam Valley, 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 Putnam Valley has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2. In the following month the price per sq.feet fell considerably to . In the following two months the price per sq.feet has risen 110 %, going from $1 to $1.1 per sq.feet. The price per sq.feet has had a considerable rise of 261 % 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 $1.05 to $2.74 during March, and April.
When referring to the price in Putnam Valley (cities), this has fallen considerably in the last 6 months. The average price for November is $4,340. During December the price had a considerable fall till $3,590. During the following two months (January, February) the average price had a considerable fall of 73 % 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 $3,438 to $2,326.5, which means a 68 % fall.
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 $2,456 they are 25 % more affordable than the average price for Putnam Valley . The properties with the highest average price have 2 bedrooms, Their price is 38 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,955.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.63 / sq.feet, with an average $2.63 / sq.feet price in Putnam Valley. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.63 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial Property" as the most affordable one. At an cost of $2,456 it is 5 % more affordable than the average price in Putnam Valley. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "Commercial Property". At a price of $2,339 it is 20 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Commercial Property with an average cost of $9 / sq.feet. "Commercial Property" at an average price of $9 / sq.feet has the highest price and would be directed at more affluent cities.