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 December, the average price per sq.feet was $2. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (February, March) had a considerable fall of 33 with regard to the previous two months. The price per sq.feet has had a considerable rise of 200 % 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 to $2 during April, and May.
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 December, is $2,704. During January the price went through a considerable rise reaching $3,128. During the following two months (February, March) the average price had a considerable fall of 54 % 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 394 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 65 % more affordable than the average price of $3,116 in Red Hook. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 65 % more affordable than the average aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $8,816 it is 72 % more affordable than the average price in Red Hook. "" is seen as the second most affordable property type. The most affordable property is "" followed by "Land". At a price of $2,454 it is 65 % more affordable 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 $34 / sq.feet. "Land" at an average price of $34 / sq.feet has the highest price and would be directed at more affluent cities.