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 $3.48. In the following month the price per sq.feet fell to $3.09. The price for the following two months in (December, January) had a considerable fall of 79 with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $2.94 to $2.68 during February, and March.
When referring to the price in Red Hook (cities), this has risen in the last 6 months. The average price during our first sample month during October, is $4,004. During November the price went through a considerable rise reaching $4,846. During the following two months (December, January) the average price fell 87 % 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 117 % 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 $4,695 they are 70 % more affordable than the average price for Red Hook . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,243.
With regard to the average prices per sq.feet those properties with 1 bedroom are 7 % more affordable than the average price of ($2.58 / sq.feet) in Red Hook. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 7 % more affordable than the average value aforementioned.
According to average price per property type in Red Hook, "" priced at $3,587 is 24 % lower than the average price ($4,695) in this city.