The rent prices in real estate in Redlands, in the California region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Redlands has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.92. In the following month the price per sq.feet rose considerably to $34.1. The price for the following two months in (December, January) had a considerable fall of 71 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 $15.43 to $4.57 during February, and March.
When referring to the price in Redlands (cities), this has risen in the last 6 months. The rent price in October is $1,849, rising in November till $2,016. During the following two months (December, January) the price has had an average rise from $1,932.5 to $2,092. 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 $2,012.25 and $2,095 between February and March.
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 $2,172 they are 20 % more affordable than the average price for Redlands . The properties with the highest average price have 4 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,460.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.13 / sq.feet, with an average $2.35 / sq.feet price in Redlands. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.49 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,172 it is 29 % more affordable than the average price in Redlands. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Condo". At a price of $2,306 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $2.57 / sq.feet followed by "Duplex" priced at $18 / sq.feet. "Condo" is the most expensive type of property with a $137 / sq.feet value followed by "Land" with an average price of $21.06 / sq.feet.