The rent prices in real estate in Sitka, in the Alaska 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 Sitka has had a strong fall during the last 6 months. In November, the average price per sq.feet was $5.33. In the following month the price per sq.feet fell considerably to $1.12. The price for the following two months in (January, February) had a considerable fall of 16 with regard to the previous two months. The price per sq.feet has had a considerable rise of 215 % 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 $1.86 to $4 during March, and April.
When referring to the price in Sitka (cities), this has fallen considerably in the last 6 months. The average price for November is $7,119. During December the price had a considerable fall till $900. During the following two months (January, February) the average price had a considerable fall of 45 % 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 222 % during the last two months.
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 $6,460 they are 80 % more affordable than the average price for Sitka . The properties with the lowest average price have 1 bedroom, Their price is 80 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,300.
According to average price per property type in Sitka, "" priced at $1,300 is 80 % lower than the average price ($6,460) in this city.