The rent prices in real estate in Redding, in the Connecticut 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 Redding has had a strong fall during the last 6 months. In April, the average price per sq.feet was $191. In May this price barely changed remaining at $191 per sq.feet. The price for the following two months in (June, July) had a considerable fall of 47 with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $140.7 to $129.12 during August, and September.
When referring to the price in Redding (cities), this has risen considerably in the last 6 months. In our first sample month during April, the average price is $3,311. In May This price remains at $3,311. During the following two months (June, July) the average price had a considerable fall of 76 % 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 284 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 127 % more expensive than the average price of $11,351 in Redding. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 127 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 10659 % more expensive than the average price of ($241 / sq.feet) in Redding. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 10659 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $5,000 it is 29 % more affordable than the average price in Redding. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $3,563 it is 127 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $181 / sq.feet followed by "House" priced at $241 / sq.feet. "House" is the most expensive type of property with a $241 / sq.feet value followed by "Apartment" with an average price of $181 / sq.feet.