The rent prices in real estate in Cupertino, 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 Cupertino has had a strong fall during the last 6 months. In November, the average price per sq.feet was $26.13. In the following month the price per sq.feet fell considerably to $9.34. The price for the following two months in (January, February) fell 93 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 43 % 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 $17.1 to $7.34 during March, and April.
When referring to the price in Cupertino (cities), this has risen in the last 6 months. The rent price in November is $3,180, rising in December till $3,384. In the following two months the average price has hardly changed with regard to the previous two months from $3,282 to $3,333. 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 $3,307.5 and $3,369 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 $3,367 they are 20 % more affordable than the average price for Cupertino . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,245.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.73 / sq.feet, with an average $8.8 / sq.feet price in Cupertino. The properties with the most expensive average prices have 1 bedroom. They are 626 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.14 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,367 it is 12 % more affordable than the average price in Cupertino. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $3,349 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2.78 / sq.feet followed by "House" priced at $13.67 / sq.feet. "Condo" is the most expensive type of property with a $151.81 / sq.feet value followed by "House" with an average price of $13.67 / sq.feet.