The rent prices in real estate in Shelter Island, in the New York 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 Shelter Island has had a strong fall during the last 6 months. In August, the average price per sq.feet was $26. In the following month the price per sq.feet fell considerably to $19.52. The price for the following two months in (October, November) had a considerable rise of 148 %. The price per sq.feet has had a considerable fall of 30 % 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 $28.23 to $8.45 during December, and January.
When referring to the price in Shelter Island (cities), there have hardly been any changes in the last 6 months. The average price for August is $17,033. During September the price had a slight fall till $15,329. In the following two months the average price has hardly changed with regard to the previous two months from $16,181 to $16,561. 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 $16,371 and $17,169 between December and January.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 9 % more expensive than the average price of $18,249 in Shelter Island. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 9 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 142 % more expensive than the average price of ($21 / sq.feet) in Shelter Island. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 142 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of $16,693 it is 8 % more expensive than the average price in Shelter Island. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Land". At a price of $18,059 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $11 / sq.feet followed by "House" priced at $21 / sq.feet. "House" is the most expensive type of property with a $21 / sq.feet value followed by "Land" with an average price of $11 / sq.feet.