The rent prices in real estate in San Luis Obispo, in the California region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in San Luis Obispo has fallen during the last 6 months. In January, the average price per sq.feet was $2.51. In the following month the price per sq.feet fell to $2.34. In the following two months the price per sq.feet has practically remained the same, going from $2.42 to $2.37 per sq.feet. The price per sq.feet has fallen 95 % 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 $2.4 to $2.28 during May, and June.
When referring to the price in San Luis Obispo (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $2,570. In February This price remains at $2,632. During the following two months (March, April) the average price fell 94 % 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 $2,525.75 and $2,428.5 between May and June.
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 $2,424 they are 17 % more affordable than the average price for San Luis Obispo . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,020.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.79 / sq.feet, with an average $2.22 / sq.feet price in San Luis Obispo. The properties with the most expensive average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.19 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,424 it is 11 % more affordable than the average price in San Luis Obispo. "Detached House" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $3,095 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $2.31 / sq.feet followed by "Condo" priced at $3 / sq.feet. "Detached House" is the most expensive type of property with a $45 / sq.feet value followed by "Office" with an average price of $7 / sq.feet.