The rent prices in real estate in Fresno, 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 Fresno has had a strong fall during the last 6 months. In March, the average price per sq.feet was $11.57. In the following month the price per sq.feet fell considerably to $6.96. The price for the following two months in (May, June) had a considerable fall of 17 with regard to the previous two months. The price per sq.feet has had a considerable fall of 30 % 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 $5.41 to $1.6 during July, and August.
When referring to the price in Fresno (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $1,311. During April the price went through a considerable rise reaching $1,537. During the following two months (May, June) the price has had an average rise from $1,424 to $1,589.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 120 % during the last two months.
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 $1,893 they are 22 % more affordable than the average price for Fresno . The properties with the highest average price have 4 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,349.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.5 / sq.feet, with an average $1.6 / sq.feet price in Fresno. The properties with the most expensive average prices have 4 bedrooms. They are 391 % more expensive than the average followed by properties with 1 bedroom with a price at $2.19 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,893 it is 33 % more affordable than the average price in Fresno. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,702 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.44 / sq.feet followed by "House" priced at $1.85 / sq.feet. "House" is the most expensive type of property with a $1.85 / sq.feet value followed by "Condo" with an average price of $1.44 / sq.feet.