The rent prices in real estate in Carmel, in the California region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Carmel has fallen during the last 6 months. In November, the average price per sq.feet was $3.85. In December this price barely changed remaining at $3.99 per sq.feet. The price for the following two months in (January, February) fell 91 % with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $3.74 to $3.47 during March, and April.
When referring to the price in Carmel (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $5,758. In December This price remains at $5,860. In the following two months the average price has hardly changed with regard to the previous two months from $5,809 to $5,774.5. 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 $5,791.75 and $5,850 between March and April.
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 $5,412 they are 55 % more affordable than the average price for Carmel . The properties with the highest average price have 3 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 2 bedrooms priced at $4,979.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $3 / sq.feet, with an average $3.23 / sq.feet price in Carmel. The properties with the most expensive average prices have 4 bedrooms. They are 2346 % more expensive than the average followed by properties with 3 bedrooms with a price at $4 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $5,412 it is 34 % more affordable than the average price in Carmel. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "House". At a price of $4,543 it is 57 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $5 / sq.feet followed by "House" priced at $79 / sq.feet. "Townhouse" is the most expensive type of property with a $126 / sq.feet value followed by "Condo" with an average price of $121 / sq.feet.