The rent prices in real estate in West Bloomfield, in the Michigan 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 West Bloomfield has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.98. In the following month the price per sq.feet fell considerably to $1.67. The price for the following two months in (December, January) fell 87 % with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $1.7 to $1.59 during February, and March.
When referring to the price in West Bloomfield (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $2,280. In November This price remains at $2,166. During the following two months (December, January) the average price fell 94 % 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 95 %, going from $2,156.5 to $2,038 in February and March.
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 $2,091 they are 25 % more affordable than the average price for West Bloomfield . The properties with the highest average price have 4 bedrooms, Their price is 85 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,308.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.5 / sq.feet, with an average $1.59 / sq.feet price in West Bloomfield. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.74 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,091 it is 2 % more affordable than the average price in West Bloomfield. "Apartment" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,213 it is 139 % 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 $1.54 / sq.feet followed by "House" priced at $1.7 / sq.feet. "Condo" is the most expensive type of property with a $2.11 / sq.feet value followed by "House" with an average price of $1.7 / sq.feet.