The rent prices in real estate in San Francisco, 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 Francisco has had a strong fall during the last 6 months. In October, the average price per sq.feet was $43.1. In November this price barely changed remaining at $43.04 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $43.07 to $42.49 per sq.feet. The price per sq.feet has had a considerable fall of 55 % 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 $42.78 to $23.4 during February, and March.
When referring to the price in San Francisco (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $4,089. In November This price remains at $3,986. In the following two months the average price has hardly changed with regard to the previous two months from $4,037.5 to $4,092.5. 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 $4,065 and $3,996.5 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 $4,038 they are 8 % more affordable than the average price for San Francisco . The properties with the highest average price have 4 bedrooms, Their price is 87 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,968.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $4.48 / sq.feet, with an average $13.45 / sq.feet price in San Francisco. The properties with the most expensive average prices have 4 bedrooms. They are 272 % more expensive than the average followed by properties with 2 bedrooms with a price at $22.87 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $4,038 it is 3 % more affordable than the average price in San Francisco. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Office". At a price of $5,080 it is 115 % 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 $10.64 / sq.feet followed by "House" priced at $28.84 / sq.feet. "Townhouse" is the most expensive type of property with a $302.58 / sq.feet value followed by "Commercial" with an average price of $103 / sq.feet.