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 April, the average price per sq.feet was $32.81. In the following month the price per sq.feet fell considerably to $5.43. In the following two months the price per sq.feet has practically remained the same, going from $19.12 to $19.61 per sq.feet. The price per sq.feet has had a considerable rise of 157 % 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 $19.37 to $30.37 during August, and September.
When referring to the price in San Francisco (cities), this has fallen in the last 6 months. The average price for April is $4,009. During May the price had a slight fall till $3,763. During the following two months (June, July) the average price fell 93 % 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 90 %, going from $3,755.75 to $3,395 in August and September.
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 $3,449 they are 11 % more affordable than the average price for San Francisco . The properties with the highest average price have 4 bedrooms, Their price is 82 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,766.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.61 / sq.feet, with an average $12.75 / sq.feet price in San Francisco. The properties with the most expensive average prices have 1 bedroom. They are 288 % more expensive than the average followed by properties with 2 bedrooms with a price at $18.25 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $3,449 it is 8 % more affordable than the average price in San Francisco. "House" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Townhouse". At a price of $4,492 it is 46 % 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 $3.77 / sq.feet followed by "Apartment" priced at $3.86 / sq.feet. "Townhouse" is the most expensive type of property with a $299.47 / sq.feet value followed by "Condo" with an average price of $29.46 / sq.feet.