The rent prices in real estate in Westerly, in the Rhode Island 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 Westerly has had a strong fall during the last 6 months. In May, the average price per sq.feet was $13.65. In June this price barely changed remaining at $13.39 per sq.feet. The price for the following two months in (July, August) had a considerable rise of 119 %. The price per sq.feet has had a considerable fall of 21 % 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 $14.82 to $3.05 during September, and October.
When referring to the price in Westerly (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $2,490. In June This price remains at $2,570. In the following two months the average price has hardly changed with regard to the previous two months from $2,530 to $2,583.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $2,556.75 to $2,378 in September and October.
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 $2,553 they are 56 % more affordable than the average price for Westerly . The properties with the highest average price have 3 bedrooms, Their price is 98 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,327.
According to average price per property type in Westerly, "" priced at $1,140 is 55 % lower than the average price ($2,553) in this city.