The rent prices in real estate in Crestline, 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 Crestline has had a strong fall during the last 6 months. In December, the average price per sq.feet was $29. In the following month the price per sq.feet fell considerably to $1.36. The price for the following two months in (February, March) had a considerable fall of 6 with regard to the previous two months. The price per sq.feet has had a considerable fall of 19 % 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 $8.06 to $1.55 during April, and May.
When referring to the price in Crestline (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during December, is $1,415. During January the price went through a considerable rise reaching $1,720. During the following two months (February, March) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $1,474.5 to $1,344 in April and May.
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 $1,331 they are 4 % more affordable than the average price for Crestline . The properties with the highest average price have 2 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,275.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.1 / sq.feet, with an average $2.11 / sq.feet price in Crestline. The properties with the most expensive average prices have 2 bedrooms. They are 895 % more expensive than the average followed by properties with 1 bedroom with a price at $2.1 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $1,331 it is 5 % more expensive than the average price in Crestline. "Land" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Land". At a price of $1,408 it is 7 % 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 $7 / sq.feet followed by "Land" priced at $12 / sq.feet. "House" is the most expensive type of property with a $21 / sq.feet value followed by "Land" with an average price of $12 / sq.feet.