The rent prices in real estate in Willow Grove, in the Pennsylvania 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 Willow Grove has had a strong fall during the last 6 months. In January, the average price per sq.feet was $1.89. In the following month the price per sq.feet fell considerably to $1.47. The price for the following two months in (March, April) fell 85 % with regard to the previous two months. The price per sq.feet has fallen 94 % 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 $1.55 to $1.47 during May, and June.
When referring to the price in Willow Grove (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $1,418. In February This price remains at $1,373. In the following two months the average price has hardly changed with regard to the previous two months from $1,395.5 to $1,460. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,427.75 and $1,383.5 between May and June.
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 $1,431 they are 8 % more affordable than the average price for Willow Grove . The properties with the highest average price have 2 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,649.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.38 / sq.feet, with an average $1.47 / sq.feet price in Willow Grove. The properties with the most expensive average prices have 3 bedrooms. They are 5478 % more expensive than the average followed by properties with 1 bedroom with a price at $1.62 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most expensive one. At an cost of $1,431 it is 1 % more expensive than the average price in Willow Grove. "" is seen as the second most expensive property type. The most expensive property type is "House" followed by "". At a price of $1,470 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Office" at an average price of $20 / sq.feet followed by "House" priced at $82 / sq.feet. "House" is the most expensive type of property with a $82 / sq.feet value followed by "Office" with an average price of $20 / sq.feet.