The rent prices in real estate in Southern Pines, in the North Carolina region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Southern Pines has fallen during the last 6 months. In October, the average price per sq.feet was $1.82. In November this price barely changed remaining at $1.89 per sq.feet. The price for the following two months in (December, January) fell 93 % with regard to the previous two months. The price per sq.feet has fallen 85 % 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 $1.79 to $1.53 during February, and March.
When referring to the price in Southern Pines (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,170. In November This price remains at $2,172. In the following two months the average price has hardly changed with regard to the previous two months from $2,171 to $2,103.5. 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 $2,137.25 and $2,071.5 between February and March.
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 $2,112 they are 50 % more affordable than the average price for Southern Pines . The properties with the highest average price have 4 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,047.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.32 / sq.feet, with an average $1.5 / sq.feet price in Southern Pines. The properties with the most expensive average prices have 1 bedroom. They are 64 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.59 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,112 it is 28 % more affordable than the average price in Southern Pines. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $2,169 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.5 / sq.feet followed by "Condo" priced at $1.63 / sq.feet. "Apartment" is the most expensive type of property with a $1.74 / sq.feet value followed by "Condo" with an average price of $1.63 / sq.feet.