The rent prices in real estate in San Jose, 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 Jose has had a strong fall during the last 6 months. In August, the average price per sq.feet was $20.7. In the following month the price per sq.feet fell considerably to $15.67. The price for the following two months in (October, November) had a considerable fall of 16 with regard to the previous two months. The price per sq.feet has had a considerable fall of 64 % 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 $10.5 to $6.68 during December, and January.
When referring to the price in San Jose (cities), this has fallen in the last 6 months. The average price for August is $2,811. During September the price had a slight fall till $2,591. In the following two months the average price has hardly changed with regard to the previous two months from $2,701 to $2,620.5. 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 $2,660.75 and $2,624 between December and January.
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 $2,575 they are 20 % more affordable than the average price for San Jose . The properties with the highest average price have 4 bedrooms, Their price is 54 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,418.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.15 / sq.feet, with an average $3 / sq.feet price in San Jose. The properties with the most expensive average prices have 1 bedroom. They are 244 % more expensive than the average followed by properties with 2 bedrooms with a price at $4.09 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,575 it is 16 % more affordable than the average price in San Jose. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Condo". At a price of $3,133 it is 255 % 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 $2.51 / sq.feet followed by "House" priced at $3.08 / sq.feet. "Townhouse" is the most expensive type of property with a $25.96 / sq.feet value followed by "Office" with an average price of $12 / sq.feet.