The rent prices in real estate in Alamo, in the California region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Alamo has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.15. In November this price barely changed remaining at $2.17 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 135 %. The price per sq.feet has had a considerable rise of 137 % 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 $2.54 to $3.47 during February, and March.
When referring to the price in Alamo (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $4,486. During November the price went through a considerable rise reaching $6,449. In the following two months the average price has hardly changed with regard to the previous two months from $5,467.5 to $5,569.5. During the last two months the average price has fallen greatly compared to the previous four going from $5,518.5 to $4,632.5, which means a 84 % fall.
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 $4,785 they are 51 % more affordable than the average price for Alamo . The properties with the highest average price have 4 bedrooms, Their price is 85 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,859.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $3.82 / sq.feet price in Alamo. The properties with the most expensive average prices have 2 bedrooms. They are 5 % more expensive than the average followed by properties with 1 bedroom with a price at $3 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $4,785 it is 34 % more affordable than the average price in Alamo. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $5,452 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2 / sq.feet followed by "House" priced at $3 / sq.feet. "Townhouse" is the most expensive type of property with a $45 / sq.feet value followed by "House" with an average price of $3 / sq.feet.