The rent prices in real estate in Solomons, in the Maryland 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 Solomons has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2. In the following month the price per sq.feet fell considerably to $1. In the following two months the price per sq.feet has practically remained the same, going from $1.5 to $1.45 per sq.feet. The price per sq.feet has had a considerable fall of 26 % 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 $1.48 to $0.38 during March, and April.
When referring to the price in Solomons (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $2,396. In December This price remains at $2,426. During the following two months (January, February) the average price had a considerable fall of 76 % 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 111 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,592 they are 42 % more affordable than the average price for Solomons . The properties with the lowest average price have 2 bedrooms, Their price is 24 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,496.
According to average price per property type in Solomons, "" priced at $1,959 is 24 % lower than the average price ($2,592) in this city.