The rent prices in real estate in Stonington, in the Connecticut 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 Stonington has had a strong fall during the last 6 months. In May, the average price per sq.feet was $221. In June this price barely changed remaining at $222 per sq.feet. The price for the following two months in (July, August) had a considerable fall of 46 with regard to the previous two months. The price per sq.feet has had a considerable fall of 64 % 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 $161.18 to $103.23 during September, and October.
When referring to the price in Stonington (cities), this has fallen considerably in the last 6 months. In our first sample month during May, the average price is $3,424. In June This price remains at $3,335. During the following two months (July, August) the average price had a considerable fall of 57 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $2,657.25 to $2,280 in September and October.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 133 % more expensive than the average price of $3,420 in Stonington. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 133 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 14968 % more expensive than the average price of ($220 / sq.feet) in Stonington. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 14968 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Commercial" as the most expensive one. At an cost of $1,467 it is 104 % more expensive than the average price in Stonington. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Commercial". At a price of $2,986 it is 105 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $193 / sq.feet followed by "House" priced at $198 / sq.feet. "House" is the most expensive type of property with a $198 / sq.feet value followed by "Commercial" with an average price of $193 / sq.feet.