The rent prices in real estate in Wilmington, in the North Carolina 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 Wilmington has had a strong fall during the last 6 months. In July, the average price per sq.feet was $7.33. In the following month the price per sq.feet fell considerably to $1.12. The price for the following two months in (September, October) had a considerable fall of 26 with regard to the previous two months. The price per sq.feet has had a considerable fall of 42 % 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 $2.67 to $1.12 during November, and December.
When referring to the price in Wilmington (cities), this has fallen in the last 6 months. The average price for July is $1,300. During August the price had a slight fall till $1,157. In the following two months the average price has hardly changed with regard to the previous two months from $1,228.5 to $1,289.5. 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 $1,259 and $1,207 between November and December.
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 $1,222 they are 13 % more affordable than the average price for Wilmington . The properties with the highest average price have 4 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,468.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.87 / sq.feet, with an average $1.1 / sq.feet price in Wilmington. The properties with the most expensive average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.18 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $1,222 it is 4 % more expensive than the average price in Wilmington. "Commercial" is seen as the second most expensive property type. The most expensive property type is "Condo" followed by "Office". At a price of $1,348 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $0.81 / sq.feet followed by "Condo" priced at $1.03 / sq.feet. "Townhouse" is the most expensive type of property with a $32.92 / sq.feet value followed by "House" with an average price of $1.36 / sq.feet.