The rent prices in real estate in Redwood City, 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 Redwood City has had a strong fall during the last 6 months. In March, the average price per sq.feet was $4.85. In the following month the price per sq.feet fell to $4.48. The price for the following two months in (May, June) fell 85 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 84 % 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 $4.32 to $3.62 during July, and August.
When referring to the price in Redwood City (cities), this has fallen in the last 6 months. In our first sample month during March, the average price is $3,513. In April This price remains at $3,524. During the following two months (May, June) the average price fell 87 % 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 88 %, going from $3,289.25 to $2,879 in July and August.
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 $2,876 they are 4 % more affordable than the average price for Redwood City . The properties with the highest average price have 4 bedrooms, Their price is 78 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,932.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.54 / sq.feet, with an average $3.59 / sq.feet price in Redwood City. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 3 bedrooms with a price at $3.49 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,876 it is 1 % more affordable than the average price in Redwood City. "" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Townhouse". At a price of $3,631 it is 29 % 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 $3.44 / sq.feet followed by "House" priced at $3.68 / sq.feet. "Office" is the most expensive type of property with a $31 / sq.feet value followed by "Townhouse" with an average price of $3.81 / sq.feet.