The rent prices in real estate in Wellington, 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 Wellington has had a strong fall during the last 6 months. In December, the average price per sq.feet was $13.71. In the following month the price per sq.feet fell considerably to $9.8. The price for the following two months in (February, March) had a considerable fall of 47 with regard to the previous two months. The price per sq.feet has had a considerable fall of 82 % 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 $8.66 to $7.14 during April, and May.
When referring to the price in Wellington (cities), this has fallen considerably in the last 6 months. The average price for December is $8,850. During January the price had a slight fall till $8,268. During the following two months (February, March) the average price had a considerable fall of 74 % 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 $7,434.75 to $4,622, which means a 62 % fall.
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 $4,675 they are 54 % more affordable than the average price for Wellington . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,091.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.32 / sq.feet, with an average $6.08 / sq.feet price in Wellington. The properties with the most affordable average prices have 4 bedrooms. They are 49 % more affordable than the average followed by properties with 1 bedroom with a price at $2.78 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $4,675 it is 42 % more affordable than the average price in Wellington. "Condo" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "Villa". At a price of $6,627 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.3 / sq.feet followed by "Condo" priced at $2.61 / sq.feet. "Villa" is the most expensive type of property with a $29.95 / sq.feet value followed by "Townhouse" with an average price of $26.77 / sq.feet.