The rent prices in real estate in Sterling, in the Alaska 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 Sterling has had a strong fall during the last 6 months. In February, the average price per sq.feet was $1.12. In the following month the price per sq.feet fell considerably to . The price for the following two months in (April, May) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 189 % 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 $0.53 to $1 during June, and July.
When referring to the price in Sterling (cities), this has risen in the last 6 months. In our first sample month during February, the average price is $917. In March This price remains at $941. In the following two months the average price has hardly changed with regard to the previous two months from $929 to $923.5. Based on an analysis of the first four prices and the last two months the average price has increased 110 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 2 % more expensive than the average price of $937 in Sterling. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 2 % more expensive than the average aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $916 it is 10 % more expensive than the average price in Sterling. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,011 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $54 / sq.feet followed by "House" priced at $63 / sq.feet. "House" is the most expensive type of property with a $63 / sq.feet value followed by "Apartment" with an average price of $54 / sq.feet.