The rent prices in real estate in Sunrise, in the Florida 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 Sunrise has had a strong fall during the last 6 months. In July, the average price per sq.feet was $3.44. In the following month the price per sq.feet fell to $3.15. The price for the following two months in (September, October) had a considerable fall of 52 with regard to the previous two months. The price per sq.feet has had a considerable fall of 68 % 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 $2.5 to $1.71 during November, and December.
When referring to the price in Sunrise (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,803. In August This price remains at $1,815. In the following two months the average price has hardly changed with regard to the previous two months from $1,809 to $1,793. 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 $1,801 and $1,746 between November and December.
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 $1,703 they are 15 % more affordable than the average price for Sunrise . The properties with the highest average price have 4 bedrooms, Their price is 54 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,187.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.21 / sq.feet, with an average $1.68 / sq.feet price in Sunrise. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.59 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,703 it is 15 % more affordable than the average price in Sunrise. "House" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Townhouse". At a price of $1,985 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.59 / sq.feet followed by "Condo" priced at $1.62 / sq.feet. "Villa" is the most expensive type of property with a $16.66 / sq.feet value followed by "House" with an average price of $1.68 / sq.feet.