The rent prices in real estate in Woodside, 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 Woodside has had a strong fall during the last 6 months. In November, the average price per sq.feet was $4.68. In December this price barely changed remaining at $4.56 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 81 with regard to the previous two months. The price per sq.feet has fallen 86 % 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 $4.18 to $3.58 during March, and April.
When referring to the price in Woodside (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,912. In December This price remains at $2,846. In the following two months the average price has hardly changed with regard to the previous two months from $2,879 to $2,952.5. Based on an analysis of the first four prices and the last two months the average price has increased 110 % during the last two months.
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 $3,307 they are 31 % more affordable than the average price for Woodside . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,014.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $3.26 / sq.feet, with an average $3.39 / sq.feet price in Woodside. The properties with the most expensive average prices have 4 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $3.52 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,307 it is 45 % more affordable than the average price in Woodside. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $2,699 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $3.08 / sq.feet followed by "Condo" priced at $3.58 / sq.feet. "Condo" is the most expensive type of property with a $3.58 / sq.feet value followed by "House" with an average price of $3.08 / sq.feet.