The rent prices in real estate in Saint Petersburg, in the Florida 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 Saint Petersburg has had a strong fall during the last 6 months. In July, the average price per sq.feet was $3.82. In the following month the price per sq.feet fell considerably to $2.21. The price for the following two months in (September, October) had a considerable fall of 68 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 $2.53 to $1.87 during November, and December.
When referring to the price in Saint Petersburg (cities), there have hardly been any changes in the last 6 months. The rent price in July is $1,837, rising in August till $2,000. In the following two months the average price has hardly changed with regard to the previous two months from $1,918.5 to $1,890.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $1,904.5 to $1,733.5 in November and December.
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 $1,794 they are 30 % more affordable than the average price for Saint Petersburg . The properties with the lowest average price have 4 bedrooms, Their price is 4 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,682.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.21 / sq.feet, with an average $1.93 / sq.feet price in Saint Petersburg. The properties with the most affordable average prices have 1 bedroom. They are 5 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.49 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,794 it is 35 % more affordable than the average price in Saint Petersburg. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Office". At a price of $1,493 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.23 / sq.feet followed by "Apartment" priced at $1.4 / sq.feet. "Office" is the most expensive type of property with a $13 / sq.feet value followed by "Condo" with an average price of $2.02 / sq.feet.