The rent prices in real estate in Red Hook, 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 Red Hook has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.57. In the following month the price per sq.feet fell considerably to . The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 134 % 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 $0.64 to $0.86 during February, and March.
When referring to the price in Red Hook (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $2,475. During November the price went through a considerable rise reaching $8,789. During the following two months (December, January) the average price had a considerable fall of 52 % 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 $4,267 to $2,768.5, which means a 65 % 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 $2,425 they are 36 % more affordable than the average price for Red Hook . The properties with the highest average price have 2 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,540.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,425 it is 2 % more affordable than the average price in Red Hook. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "Land". At a price of $2,388 it is 26 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Land with an average cost of $12 / sq.feet. "Land" at an average price of $12 / sq.feet has the highest price and would be directed at more affluent cities.