The rent prices in real estate in San Francisco, 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 San Francisco has risen strongly during the last 6 months. In October, the average price per sq.feet was $4.75. In November this price barely changed remaining at $4.92 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 168 %. The price per sq.feet has had a considerable rise of 971 % 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 $6.49 to $62.94 during February, and March.
When referring to the price in San Francisco (cities), there have hardly been any changes in the last 6 months. The average price for October is $3,398. During November the price had a slight fall till $3,182. In the following two months the average price has hardly changed with regard to the previous two months from $3,290 to $3,377.5. 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 $3,333.75 and $3,334.5 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 $3,087 they are 6 % more affordable than the average price for San Francisco . The properties with the highest average price have 4 bedrooms, Their price is 79 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,612.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $4.39 / sq.feet, with an average $63.64 / sq.feet price in San Francisco. The properties with the most expensive average prices have 2 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at $70.08 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $3,087 it is 2 % more affordable than the average price in San Francisco. "Condo" is seen as the second most affordable property type. The most expensive property type is "Duplex" followed by "Townhouse". At a price of $4,449 it is 116 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $3.56 / sq.feet followed by "House" priced at $27.93 / sq.feet. "Townhouse" is the most expensive type of property with a $199.79 / sq.feet value followed by "Villa" with an average price of $109 / sq.feet.