The rent prices in real estate in Sorrento, in the Florida 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 Sorrento has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.02. In the following month the price per sq.feet rose considerably to $1.46. The price for the following two months in (January, February) had a considerable rise of 3654 %. The price per sq.feet has had a considerable rise of 200 % 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 $23.28 to $46.51 during March, and April.
When referring to the price in Sorrento (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,255. In December This price remains at $2,243. During the following two months (January, February) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,191.5 and $2,241.5 between March and April.
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 $2,383 they are 40 % more affordable than the average price for Sorrento . The properties with the lowest average price have 2 bedrooms, Their price is 37 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,426.
According to average price per property type in Sorrento, "" priced at $1,491 is 37 % lower than the average price ($2,383) in this city.