The rent prices in real estate in Bishop, 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 Bishop has had a strong fall during the last 6 months. In September, the average price per sq.feet was $3.43. In the following month the price per sq.feet fell considerably to $2.67. The price for the following two months in (November, December) had a considerable fall of 71 with regard to the previous two months. The price per sq.feet has had a considerable fall of 66 % 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 $2.62 to $1.72 during January, and February.
When referring to the price in Bishop (cities), this has risen in the last 6 months. The rent price in September is $2,057, rising in October till $2,313. During the following two months (November, December) the price has had an average rise from $2,185 to $2,391. During the last two months the average price has fallen greatly compared to the previous four going from $2,288 to $1,859.5, which means a 81 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,911 they are 31 % more affordable than the average price for Bishop . The properties with the lowest average price have 2 bedrooms, Their price is 3 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,503.
According to average price per property type in Bishop, "" priced at $1,320 is 31 % lower than the average price ($1,911) in this city.