The rent prices in real estate in West Nyack, in the New York 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 Nyack has had a strong fall during the last 6 months. In November, the average price per sq.feet was $3. In December this price barely changed remaining at $3 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 77 with regard to the previous two months. The price per sq.feet has had a considerable fall of 57 % 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 $2.65 to $1.5 during March, and April.
When referring to the price in West Nyack (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $2,097. During December the price went through a considerable rise reaching $2,530. During the following two months (January, February) the average price had a considerable rise of 151 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % 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 $3,596 they are 22 % more affordable than the average price for West Nyack . The properties with the lowest average price have 1 bedroom, Their price is 20 % more affordable than the average. After that we have properties with 2 bedrooms priced at $2,817.
According to average price per property type in West Nyack, "" priced at $2,817 is 22 % lower than the average price ($3,596) in this city.