The rent prices in real estate in Yonkers, 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 Yonkers has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2.67. In the following month the price per sq.feet fell considerably to $0.89. The price for the following two months in (January, February) had a considerable fall of 74 with regard to the previous two months. The price per sq.feet has had a considerable rise of 193 % 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 $1.54 to $2.98 during March, and April.
When referring to the price in Yonkers (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,538. In December This price remains at $2,460. In the following two months the average price has hardly changed with regard to the previous two months from $2,499 to $2,547.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 $2,744 they are 6 % more affordable than the average price for Yonkers . The properties with the highest average price have 4 bedrooms, Their price is 69 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,446.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.34 / sq.feet, with an average $3.06 / sq.feet price in Yonkers. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.26 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of $2,744 it is 4 % more expensive than the average price in Yonkers. "House" is seen as the second most expensive property type. The most expensive property type is "" followed by "Condo". At a price of $3,077 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.87 / sq.feet followed by "House" priced at $3.47 / sq.feet. "Land" is the most expensive type of property with a $3.74 / sq.feet value followed by "House" with an average price of $3.47 / sq.feet.