Property prices for rent in Morro Bay (California)
The rent prices in real estate in Morro Bay, 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 Morro Bay has had a strong fall during the last 6 months. In September, the average price per sq.feet was $2.4. In the following month the price per sq.feet fell to $2.05. In the following two months the price per sq.feet has risen 106 %, going from $2.22 to $2.36 per sq.feet. The price per sq.feet has had a considerable fall of 71 % 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 $2.29 to $1.63 during January, and February.
When referring to the price in Morro Bay (cities), this has fallen in the last 6 months. In our first sample month during September, the average price is $2,504. In October This price remains at $2,455. During the following two months (November, December) the average price fell 93 % 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 90 %, going from $2,397 to $2,168.5 in January and February.
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 $2,269 they are 10 % more affordable than the average price for Morro Bay . The properties with the highest average price have 3 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,697.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.59 / sq.feet price in Morro Bay. The properties with the most expensive average prices have 4 bedrooms. They are 2227 % more expensive than the average followed by properties with 1 bedroom with a price at $2 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,269 it is 16 % more affordable than the average price in Morro Bay. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,917 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $37 / sq.feet followed by "Condo" priced at $41 / sq.feet. "Condo" is the most expensive type of property with a $41 / sq.feet value followed by "House" with an average price of $37 / sq.feet.
