The rent prices in real estate in Big Bear Lake, 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 Big Bear Lake has had a strong fall during the last 6 months. In February, the average price per sq.feet was $1.49. In the following month the price per sq.feet fell considerably to $1. In the following two months the price per sq.feet has risen 106 %, going from $1.25 to $1.32 per sq.feet. The price per sq.feet has had a considerable fall of 78 % 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 $1.28 to $1 during June, and July.
When referring to the price in Big Bear Lake (cities), this has fallen in the last 6 months. The rent price in February is $1,467, rising in March till $1,598. During the following two months (April, May) the average price had a considerable fall of 83 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,402 and $1,385 between June and July.
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 $1,398 they are 29 % more affordable than the average price for Big Bear Lake . The properties with the highest average price have 3 bedrooms, Their price is 4 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,404.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $11 / sq.feet, with an average $1 / sq.feet price in Big Bear Lake. The properties with the most expensive average prices have 4 bedrooms. They are 4800 % more expensive than the average followed by properties with 2 bedrooms with a price at $11 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,398 it is 0 % more affordable than the average price in Big Bear Lake. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,404 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $44 / sq.feet followed by "House" priced at $49 / sq.feet. "House" is the most expensive type of property with a $49 / sq.feet value followed by "Condo" with an average price of $44 / sq.feet.