The rent prices in real estate in Redwood City, in the California region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Redwood City has fallen during the last 6 months. In July, the average price per sq.feet was $3.65. In August this price barely changed remaining at $3.59 per sq.feet. The price for the following two months in (September, October) fell 94 % with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $3.52 to $3.21 during November, and December.
When referring to the price in Redwood City (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $2,882. In August This price remains at $2,876. In the following two months the average price has hardly changed with regard to the previous two months from $2,879 to $2,982.5. 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 $2,930.75 and $2,955 between November and December.
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 $2,866 they are 24 % more affordable than the average price for Redwood City . The properties with the highest average price have 4 bedrooms, Their price is 141 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,353.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.65 / sq.feet, with an average $3.23 / sq.feet price in Redwood City. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.18 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,866 it is 19 % more affordable than the average price in Redwood City. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Office". At a price of $3,687 it is 41 % 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 / sq.feet followed by "Townhouse" priced at $3.02 / sq.feet. "Office" is the most expensive type of property with a $27 / sq.feet value followed by "House" with an average price of $3.48 / sq.feet.