The rent prices in real estate in Shelter Island, in the New York region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Shelter Island has risen strongly during the last 6 months. In February, the average price per sq.feet was $27. In the following month the price per sq.feet fell considerably to $9. The price for the following two months in (April, May) had a considerable rise of 353 %. The price per sq.feet has had a considerable rise of 285 % 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 $40.72 to $115.9 during June, and July.
When referring to the price in Shelter Island (cities), this has risen considerably in the last 6 months. In our first sample month during February, the average price is $17,051. In March This price remains at $16,251. During the following two months (April, May) the average price had a considerable rise of 149 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 113 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 22 % more affordable than the average price of $18,363 in Shelter Island. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 22 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 77 % more affordable than the average price of ($27 / sq.feet) in Shelter Island. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 77 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $23,423 it is 22 % more affordable than the average price in Shelter Island. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $18,173 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $17 / sq.feet followed by "House" priced at $27 / sq.feet. "House" is the most affordable type of property with a $27 / sq.feet value followed by "Land" with an average price of $17 / sq.feet.