The rent prices in real estate in Southold, in the New York 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 Southold has risen strongly during the last 6 months. In April, the average price per sq.feet was $3. In the following month the price per sq.feet rose considerably to $8. The price for the following two months in (June, July) had a considerable rise of 127 %. The price per sq.feet has had a considerable rise of 182 % 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 $6.25 to $11.39 during August, and September.
When referring to the price in Southold (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $5,369. During May the price went through a considerable rise reaching $21,012. During the following two months (June, July) the average price had a considerable rise of 132 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $15,279.5 to $8,584, which means a 56 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 48 % more expensive than the average price of $15,371 in Southold. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 48 % more expensive 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 $10,375 it is 43 % more affordable than the average price in Southold. "Commercial Property" is seen as the second most affordable property type. The most expensive property type is "" followed by "Commercial Property". At a price of $6,397 it is 48 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $71 / sq.feet followed by "Commercial Property" priced at $411 / sq.feet. "Commercial Property" is the most expensive type of property with a $411 / sq.feet value followed by "Land" with an average price of $71 / sq.feet.