The rent prices in real estate in Sitka, in the Alaska 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 Sitka has risen strongly during the last 6 months. In February, the average price per sq.feet was $3. In the following month the price per sq.feet rose considerably to $21. The price for the following two months in (April, May) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 178 % 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 $11.25 to $20 during June, and July.
When referring to the price in Sitka (cities), this has fallen considerably in the last 6 months. The average price for February is $1,486. During March the price had a slight fall till $1,409. During the following two months (April, May) the average price had a considerable fall of 49 % 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 142 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,663 they are 18 % more affordable than the average price for Sitka . The properties with the lowest average price have 1 bedroom, Their price is 17 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,368.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $5 / sq.feet, with an average $12 / sq.feet price in Sitka. The properties with the most affordable average prices have 1 bedroom. They are 25 % more affordable than the average followed by properties with 4 bedrooms with a price at $5 / sq.feet.
With regard to the average price based upon the property in Sitka we can see that the most affordable property type is "Commercial" at a price of $1,368, they are 18 % cheaper than the average price of (!PRECIO2!). "Commercial" has the most affordable price. This price is 18 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "Commercial with an average cost of $5 / sq.feet. "Commercial" with an average price of $5 / sq.feet has the most affordable price and would be directed at less affluent cities.