The rent prices in real estate in Sagaponack, 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 Sagaponack has had a strong fall during the last 6 months. In May, the average price per sq.feet was $135.17. In June this price barely changed remaining at $135.17 per sq.feet. The price for the following two months in (July, August) had a considerable fall of 32 with regard to the previous two months. The price per sq.feet has had a considerable fall of 12 % 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 $88.99 to $10.48 during September, and October.
When referring to the price in Sagaponack (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $38,333. In June This price remains at $38,333. During the following two months (July, August) the average price had a considerable rise of 124 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $42,996.5 to $33,613.5, which means a 78 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 20 % more expensive than the average price of $39,550 in Sagaponack. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 20 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 621 % more expensive than the average price of ($74 / sq.feet) in Sagaponack. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 621 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $32,937 it is 20 % more expensive than the average price in Sagaponack. "" is seen as the second most expensive property type. The most expensive property type is "Apartment" followed by "". At a price of $44,601 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $74 / sq.feet followed by "Apartment" priced at $132 / sq.feet. "Apartment" is the most expensive type of property with a $132 / sq.feet value followed by "House" with an average price of $74 / sq.feet.