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 September, the average price per sq.feet was $3.82. In the following month the price per sq.feet fell to $3.48. The price for the following two months in (November, December) had a considerable fall of 81 with regard to the previous two months. The price per sq.feet has had a considerable fall of 76 % 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 $3.3 to $2.49 during January, and February.
When referring to the price in Red Hook (cities), there have hardly been any changes in the last 6 months. The average price for September is $4,500. During October the price had a slight fall till $4,004. During the following two months (November, December) the average price fell 94 % 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 $5,052 they are 64 % more affordable than the average price for Red Hook . The properties with the highest average price have 4 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,248.
With regard to the average prices per sq.feet those properties with 1 bedroom are 16 % more expensive than the average price of ($3 / sq.feet) in Red Hook. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 16 % more expensive than the average value aforementioned.
According to average price per property type in Red Hook, "" priced at $3,591 is 29 % lower than the average price ($5,052) in this city.