The rent prices in real estate in Saint Simons Island, in the Georgia 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 Simons Island has had a strong fall during the last 6 months. In January, the average price per sq.feet was $178. In February this price barely changed remaining at $182 per sq.feet. The price for the following two months in (March, April) had a considerable fall of 1 with regard to the previous two months. The price per sq.feet has fallen 94 % 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 $90.75 to $85.5 during May, and June.
When referring to the price in Saint Simons Island (cities), this has fallen in the last 6 months. In our first sample month during January, the average price is $2,697. In February This price remains at $2,760. During the following two months (March, April) the average price fell 88 % with regard to the previous two months. 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 $2,571.5 and $2,541 between May and June.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 4 % more affordable than the average price of $2,482 in Saint Simons Island. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 4 % more affordable than the average aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of $2,591 it is 1 % more expensive than the average price in Saint Simons Island. "Apartment" is seen as the second most expensive property type. The most expensive property type is "" followed by "House". At a price of $2,670 it is 4 % 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 $9 / sq.feet followed by "Apartment" priced at $164 / sq.feet. "House" is the most affordable type of property with a $169 / sq.feet value followed by "Apartment" with an average price of $164 / sq.feet.