The rent prices in real estate in Alta, in the California 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 Alta has had a strong fall during the last 6 months. In January, the average price per sq.feet was $32. In the following month the price per sq.feet fell considerably to $1. In the following two months the price per sq.feet has practically remained the same, going from $16.5 to $16.19 per sq.feet. The price per sq.feet has had a considerable fall of 14 % 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 $16.35 to $2.21 during May, and June.
When referring to the price in Alta (cities), this has fallen considerably in the last 6 months. The average price for January is $2,974. During February the price had a considerable fall till $1,056. During the following two months (March, April) the price has had an average rise from $2,015 to $2,194.5. During the last two months the average price has fallen greatly compared to the previous four going from $2,104.75 to $1,477, which means a 70 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most expensive ones. At a price of $1,433 they are 107 % more expensive than the average price for Alta. Following this ranking we find those properties with 1 at an average price of $2,965. The properties with the highest average price have 1 bedroom, Their price is 107 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,962.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $28 / sq.feet, with an average $2.43 / sq.feet price in Alta. The properties with the most expensive average prices have 1 bedroom. They are 1093 % more expensive than the average followed by properties with 3 bedrooms with a price at $28 / sq.feet.
With regard to the average price based upon the property in Alta we can see that the least affordable property type is "House" at a price of $2,962, they are 107 % more expensive than the average price of (!PRECIO2!). "House" has the most expensive price. This price is 107 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $28 / sq.feet. "House" at an average price of $28 / sq.feet has the highest price and would be directed at more affluent cities.