The rent prices in real estate in Rehoboth Beach, in the Delaware 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 Rehoboth Beach has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.69. In November this price barely changed remaining at $2.61 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 77 with regard to the previous two months. The price per sq.feet has had a considerable fall of 74 % 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 $2.35 to $1.75 during February, and March.
When referring to the price in Rehoboth Beach (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $3,103. In November This price remains at $2,981. In the following two months the average price has hardly changed with regard to the previous two months from $3,042 to $2,977. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $3,009.5 and $2,925.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $3,065 they are 38 % more affordable than the average price for Rehoboth Beach . The properties with the highest average price have 4 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,303.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.17 / sq.feet, with an average $1.85 / sq.feet price in Rehoboth Beach. The properties with the most expensive average prices have 3 bedrooms. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.93 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,065 it is 47 % more affordable than the average price in Rehoboth Beach. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $3,101 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.6 / sq.feet followed by "Land" priced at $2.02 / sq.feet. "House" is the most expensive type of property with a $2.05 / sq.feet value followed by "Land" with an average price of $2.02 / sq.feet.