The rent prices in real estate in Torrington, 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 Torrington has had a strong fall during the last 6 months. In September, the average price per sq.feet was $5.23. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (November, December) had a considerable fall of 30 with regard to the previous two months. The price per sq.feet has had a considerable fall of 49 % 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 $2.03 to $0.99 during January, and February.
When referring to the price in Torrington (cities), there have hardly been any changes in the last 6 months. The average price for September is $1,013. During October the price had a slight fall till $944. In the following two months the average price has hardly changed with regard to the previous two months from $978.5 to $1,003. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,127 they are 21 % more affordable than the average price for Torrington . The properties with the lowest average price have 3 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,022.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.02 / sq.feet price in Torrington. The properties with the most expensive average prices have 4 bedrooms. They are 5684 % more expensive than the average followed by properties with 3 bedrooms with a price at $13 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,127 it is 27 % more affordable than the average price in Torrington. "House" is seen as the second most affordable property type. The most affordable property is "Bungalow" followed by "Condo". At a price of $981 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Farm" at an average price of $34 / sq.feet followed by "House" priced at $36 / sq.feet. "Condo" is the most expensive type of property with a $44 / sq.feet value followed by "Land" with an average price of $39 / sq.feet.