The rent prices in real estate in Borrego Springs, 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 Borrego Springs has had a strong fall during the last 6 months. In December, the average price per sq.feet was $1. In January this price barely changed remaining at $1 per sq.feet. The price for the following two months in (February, March) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 144 % 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 $0.5 to $0.72 during April, and May.
When referring to the price in Borrego Springs (cities), this has risen considerably in the last 6 months. The average price during our first sample month during December, is $2,397. During January the price went through a considerable rise reaching $4,990. During the following two months (February, March) the average price fell 92 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,551.25 to $2,604.5, which means a 73 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most expensive ones. At a price of $1,346 they are 110 % more expensive than the average price for Borrego Springs. Following this ranking we find those properties with 1 at an average price of $2,840. The properties with the highest average price have 1 bedroom, Their price is 111 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,825.
According to average price per property type in Borrego Springs, "" priced at $2,825 is 110 % more expensive than the average price ($1,346) in this city.