The rent prices in real estate in Redmond, in the Washington 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 Redmond has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.73. In the following month the price per sq.feet rose to $2.96. The price for the following two months in (December, January) had a considerable rise of 115 %. The price per sq.feet has risen 105 % 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 $3.06 to $3.22 during February, and March.
When referring to the price in Redmond (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $2,789. In November This price remains at $2,656. During the following two months (December, January) the average price fell 89 % 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 95 %, going from $2,566 to $2,429.5 in 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 $2,370 they are 4 % more affordable than the average price for Redmond . The properties with the highest average price have 4 bedrooms, Their price is 170 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,317.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.46 / sq.feet, with an average $3.34 / sq.feet price in Redmond. The properties with the most affordable average prices have 1 bedroom. They are 6 % more affordable than the average followed by properties with 2 bedrooms with a price at $2.72 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,370 it is 1 % more affordable than the average price in Redmond. "Land" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $3,192 it is 65 % 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 $2.47 / sq.feet followed by "Land" priced at $3.13 / sq.feet. "House" is the most expensive type of property with a $3.38 / sq.feet value followed by "Land" with an average price of $3.13 / sq.feet.