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 October, the average price per sq.feet was $23.22. In the following month the price per sq.feet fell considerably to $16.56. The price for the following two months in (December, January) had a considerable fall of 74 with regard to the previous two months. The price per sq.feet has had a considerable fall of 67 % 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 $17.29 to $11.52 during February, and March.
When referring to the price in Wellington (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $7,481. In November This price remains at $7,145. In the following two months the average price has hardly changed with regard to the previous two months from $7,313 to $7,175.5. During the last two months the average price has fallen greatly compared to the previous four going from $7,244.25 to $5,351.5, which means a 74 % 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 $5,126 they are 54 % more affordable than the average price for Wellington . The properties with the highest average price have 4 bedrooms, Their price is 49 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,103.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.35 / sq.feet, with an average $14.58 / sq.feet price in Wellington. The properties with the most affordable average prices have 1 bedroom. They are 79 % more affordable than the average followed by properties with 4 bedrooms with a price at $2.94 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $5,126 it is 42 % more affordable than the average price in Wellington. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "Villa". At a price of $6,607 it is 207 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.16 / sq.feet followed by "Townhouse" priced at $2.93 / sq.feet. "Villa" is the most expensive type of property with a $29.32 / sq.feet value followed by "Land" with an average price of $27.56 / sq.feet.