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 June, the average price per sq.feet was $35.69. In the following month the price per sq.feet fell considerably to $23.69. The price for the following two months in (August, September) had a considerable fall of 62 with regard to the previous two months. The price per sq.feet has had a considerable fall of 49 % 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 $24 to $11.71 during October, and November.
When referring to the price in Shelter Island (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $22,485. In July This price remains at $21,690. During the following two months (August, September) the average price had a considerable fall of 75 % 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 had a strong increase of 136 % 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 31 % more affordable than the average price of $18,420 in Shelter Island. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 31 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 148 % more expensive than the average price of ($30 / 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 148 % more expensive 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 $26,554 it is 31 % 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 $18,325 it is 31 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $25 / sq.feet followed by "House" priced at $30 / sq.feet. "House" is the most expensive type of property with a $30 / sq.feet value followed by "Land" with an average price of $25 / sq.feet.