The rent prices in real estate in San Diego, 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 San Diego has had a strong fall during the last 6 months. In December, the average price per sq.feet was $53.12. In the following month the price per sq.feet fell to $48.85. The price for the following two months in (February, March) had a considerable fall of 5 with regard to the previous two months. The price per sq.feet has had a considerable fall of 12 % 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 $26.71 to $3.28 during April, and May.
When referring to the price in San Diego (cities), there have hardly been any changes in the last 6 months. The rent price in December is $2,200, rising in January till $2,438. During the following two months (February, March) the average price fell 90 % with regard to the previous two months. 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 $2,204.25 and $2,100 between April and May.
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 $2,254 they are 16 % more affordable than the average price for San Diego . The properties with the highest average price have 4 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,962.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $3.36 / sq.feet, with an average $4.39 / sq.feet price in San Diego. The properties with the most expensive average prices have 3 bedrooms. They are 49 % more expensive than the average followed by properties with 1 bedroom with a price at $6.05 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,254 it is 13 % more affordable than the average price in San Diego. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Detached House". At a price of $3,595 it is 62 % 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 $2.22 / sq.feet followed by "House" priced at $4.1 / sq.feet. "Detached House" is the most expensive type of property with a $210.98 / sq.feet value followed by "Office" with an average price of $25.42 / sq.feet.