The rent prices in real estate in El Sobrante, 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 El Sobrante has had a strong fall during the last 6 months. In January, the average price per sq.feet was $50.35. In the following month the price per sq.feet fell considerably to $2.36. The price for the following two months in (March, April) had a considerable fall of 8 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $14.23 to $2.42 during May, and June.
When referring to the price in El Sobrante (cities), this has risen in the last 6 months. In our first sample month during January, the average price is $2,590. In February This price remains at $2,667. During the following two months (March, April) the average price had a considerable rise of 132 % 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 $3,051 to $2,415.5, which means a 79 % fall.
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 $2,357 they are 6 % more affordable than the average price for El Sobrante . The properties with the highest average price have 4 bedrooms, Their price is 44 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,053.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.53 / sq.feet, with an average $2.66 / sq.feet price in El Sobrante. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.53 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $2,357 it is 0 % more expensive than the average price in El Sobrante. "Duplex" is seen as the second most expensive property type. The most expensive property type is "Townhouse" followed by "Duplex". At a price of $2,473 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $46 / sq.feet followed by "Duplex" priced at $50 / sq.feet. "Duplex" is the most expensive type of property with a $50 / sq.feet value followed by "Townhouse" with an average price of $46 / sq.feet.