The rent prices in real estate in Sanibel, 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 Sanibel has had a strong fall during the last 6 months. In October, the average price per sq.feet was $139. In November this price barely changed remaining at $139 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $69.5 to during February, and March.
When referring to the price in Sanibel (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $4,230. In November This price remains at $4,230. During the following two months (December, January) the average price had a considerable fall of 78 % 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 $3,762.25 to $2,055, which means a 55 % 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 $2,949 they are 18 % more affordable than the average price for Sanibel . The properties with the lowest average price have 1 bedroom, Their price is 0 % more affordable than the average. After that we have properties with 2 bedrooms priced at $2,426.
According to average price per property type in Sanibel, "" priced at $2,426 is 18 % lower than the average price ($2,949) in this city.