The rent prices in real estate in Sandia, in the Texas 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 Sandia has had a strong fall during the last 6 months. In July, the average price per sq.feet was $32.56. In the following month the price per sq.feet fell considerably to $19.72. The price for the following two months in (September, October) had a considerable fall of 42 with regard to the previous two months. The price per sq.feet has had a considerable rise of 218 % 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 $18.56 to $40.5 during November, and December.
When referring to the price in Sandia (cities), this has risen in the last 6 months. The rent price in July is $750, rising in August till $850. During the following two months (September, October) the average price had a considerable rise of 118 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $870.25 to $697, which means a 80 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $712 they are 23 % more affordable than the average price for Sandia . The properties with the highest average price have 1 bedroom, Their price is 12 % more expensive than the average. After that we have properties with 2 bedrooms priced at $547.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $9 / sq.feet, with an average $42 / sq.feet price in Sandia. The properties with the most affordable average prices have 2 bedrooms. They are 55 % more affordable than the average followed by properties with 1 bedroom with a price at $9 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial Property" as the most affordable one. At an cost of $712 it is 24 % more affordable than the average price in Sandia. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Commercial Property". At a price of $539 it is 23 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial Property" at an average price of $11 / sq.feet followed by "House" priced at $19 / sq.feet. "House" is the most affordable type of property with a $19 / sq.feet value followed by "Commercial Property" with an average price of $11 / sq.feet.