The rent prices in real estate in Portola Valley, 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 Portola Valley has had a strong fall during the last 6 months. In July, the average price per sq.feet was $559. In the following month the price per sq.feet fell considerably to $364. The price for the following two months in (September, October) had a considerable fall of 33 with regard to the previous two months. The price per sq.feet has had a considerable fall of 69 % 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 $306.25 to $210 during November, and December.
When referring to the price in Portola Valley (cities), this has fallen considerably in the last 6 months. In our first sample month during July, the average price is $9,724. In August This price remains at $9,553. During the following two months (September, October) the average price had a considerable fall of 71 % 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 $8,218.75 to $6,738.5, which means a 82 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 1 % more expensive than the average price of $6,715 in Portola Valley. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 1 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 48 % more affordable than the average price of ($139 / sq.feet) in Portola Valley. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 48 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $6,678 it is 1 % more expensive than the average price in Portola Valley. "Land" is seen as the second most expensive property type. The most expensive property type is "Land" followed by "House". At a price of $6,715 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $139 / sq.feet followed by "Land" priced at $540 / sq.feet. "Land" is the most expensive type of property with a $540 / sq.feet value followed by "House" with an average price of $139 / sq.feet.