The rent prices in real estate in Sandpoint, in the Idaho 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 Sandpoint has had a strong fall during the last 6 months. In March, the average price per sq.feet was $10.29. In the following month the price per sq.feet rose considerably to $14.23. In the following two months the price per sq.feet has practically remained the same, going from $12.26 to $11.74 per sq.feet. The price per sq.feet has had a considerable fall of 14 % 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 $12 to $1.7 during July, and August.
When referring to the price in Sandpoint (cities), this has fallen in the last 6 months. The average price during our first sample month during March, is $13,706. During April the price went through a considerable rise reaching $19,133. During the following two months (May, June) the price has had an average rise from $16,419.5 to $18,121.5. During the last two months the average price has fallen greatly compared to the previous four going from $17,270.5 to $2,125.5, which means a 12 % fall.
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 $2,237 they are 69 % more affordable than the average price for Sandpoint . The properties with the lowest average price have 2 bedrooms, Their price is 57 % more affordable than the average. After that we have properties with 1 bedroom priced at $685.
With regard to the average prices per sq.feet those properties with 1 bedroom are 15 % more expensive than the average price of ($2 / sq.feet) in Sandpoint. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 15 % more expensive than the average value aforementioned.
According to average price per property type in Sandpoint, "" priced at $901 is 60 % lower than the average price ($2,237) in this city.