The rent prices in real estate in Savannah, 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 Savannah has had a strong fall during the last 6 months. In July, the average price per sq.feet was $1.96. In August this price barely changed remaining at $1.96 per sq.feet. The price for the following two months in (September, October) had a considerable fall of 70 with regard to the previous two months. The price per sq.feet has had a considerable fall of 75 % 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 $1.67 to $1.25 during November, and December.
When referring to the price in Savannah (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,360. In August This price remains at $1,332. During the following two months (September, October) the price has had an average rise from $1,346 to $1,463. 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 $1,404.5 and $1,354 between 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 $1,413 they are 16 % more affordable than the average price for Savannah . The properties with the highest average price have 4 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,471.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.84 / sq.feet, with an average $1.31 / sq.feet price in Savannah. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.23 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,413 it is 31 % more affordable than the average price in Savannah. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,517 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.19 / sq.feet followed by "House" priced at $1.25 / sq.feet. "Townhouse" is the most expensive type of property with a $1.54 / sq.feet value followed by "House" with an average price of $1.25 / sq.feet.