The rent prices in real estate in Southold, in the New York 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 Southold has fallen during the last 6 months. In July, the average price per sq.feet was $7.33. In the following month the price per sq.feet fell considerably to $5.69. The price for the following two months in (September, October) had a considerable fall of 69 with regard to the previous two months. The price per sq.feet has had a considerable rise of 164 % 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 $5.5 to $9 during November, and December.
When referring to the price in Southold (cities), this has fallen in the last 6 months. The average price for July is $15,559. During August the price had a considerable fall till $11,357. During the following two months (September, October) the average price had a considerable fall of 56 % 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 191 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 20 % more affordable than the average price of $15,435 in Southold. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 20 % more affordable than the average aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $19,230 it is 69 % more affordable than the average price in Southold. "Commercial Property" is seen as the second most affordable property type. The most affordable property is "" followed by "Commercial Property". At a price of $6,460 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $80 / sq.feet followed by "Commercial Property" priced at $420 / sq.feet. "Commercial Property" is the most expensive type of property with a $420 / sq.feet value followed by "Land" with an average price of $80 / sq.feet.