The rent prices in real estate in Ridge, 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 Ridge has had a strong fall during the last 6 months. In June, the average price per sq.feet was $5. In July this price barely changed remaining at $5 per sq.feet. The price for the following two months in (August, September) fell 90 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 65 % 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 $4.75 to $3.07 during October, and November.
When referring to the price in Ridge (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,620. In July This price remains at $1,620. In the following two months the average price has hardly changed with regard to the previous two months from $1,620 to $1,619. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 $1,618 they are 13 % more affordable than the average price for Ridge . The properties with the highest average price have 3 bedrooms, Their price is 35 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,984.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $12 / sq.feet, with an average $4 / sq.feet price in Ridge. The properties with the most expensive average prices have 3 bedrooms. They are 1100 % more expensive than the average followed by properties with 1 bedroom with a price at $12 / sq.feet.
According to average price per property type in Ridge, "" priced at $1,565 is 3 % lower than the average price ($1,618) in this city.