The rent prices in real estate in Berkeley, in the California region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Berkeley has risen during the last 6 months. In September, the average price per sq.feet was $4. In the following month the price per sq.feet rose to $4.25. In the following two months the price per sq.feet has practically remained the same, going from $4.12 to $4.28 per sq.feet. The price per sq.feet has risen 107 % 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 $4.2 to $4.51 during January, and February.
When referring to the price in Berkeley (cities), this has risen in the last 6 months. In our first sample month during September, the average price is $2,906. In October This price remains at $2,798. During the following two months (November, December) the price has had an average rise from $2,852 to $3,095. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $3,090 they are 30 % more affordable than the average price for Berkeley . The properties with the highest average price have 3 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 4 bedrooms priced at $3,868.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.94 / sq.feet, with an average $4.82 / sq.feet price in Berkeley. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $4.71 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,090 it is 11 % more affordable than the average price in Berkeley. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Duplex". At a price of $2,881 it is 32 % 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 $3.19 / sq.feet followed by "House" priced at $5.32 / sq.feet. "Duplex" is the most expensive type of property with a $36 / sq.feet value followed by "Office" with an average price of $17 / sq.feet.