The rent prices in real estate in Saint Simons Island, in the Georgia region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Saint Simons Island has fallen during the last 6 months. In March, the average price per sq.feet was $2. In the following month the price per sq.feet rose considerably to $2.4. The price for the following two months in (May, June) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 55 % 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 $2.08 to $1.13 during July, and August.
When referring to the price in Saint Simons Island (cities), there have hardly been any changes in the last 6 months. The rent price in March is $2,914, rising in April till $3,092. During the following two months (May, June) the price has had an average rise from $3,003 to $3,167. During the last two months the average price has fallen greatly compared to the previous four going from $3,085 to $2,372.5, which means a 77 % fall.
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 $2,612 they are 39 % more affordable than the average price for Saint Simons Island . The properties with the highest average price have 3 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 4 bedrooms priced at $3,405.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,612 it is 23 % more affordable than the average price in Saint Simons Island. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "". At a price of $2,015 it is 0 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $150 / sq.feet. "Apartment" at an average price of $150 / sq.feet has the highest price and would be directed at more affluent cities.