The rent prices in real estate in Santa Barbara, in the California region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Santa Barbara has risen during the last 6 months. In July, the average price per sq.feet was $3.27. In August this price barely changed remaining at $3.31 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $3.29 to $3.66 per sq.feet. The price per sq.feet has risen 115 % 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 $3.48 to $3.98 during November, and December.
When referring to the price in Santa Barbara (cities), this has risen considerably in the last 6 months. In our first sample month during July, the average price is $2,787. In August This price remains at $2,761. During the following two months (September, October) the average price had a considerable rise of 186 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 131 % during the last two months.
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 $5,300 they are 58 % more affordable than the average price for Santa Barbara . The properties with the highest average price have 4 bedrooms, Their price is 258 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,999.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.24 / sq.feet, with an average $3.99 / sq.feet price in Santa Barbara. The properties with the most expensive average prices have 4 bedrooms. They are 37 % more expensive than the average followed by properties with 1 bedroom with a price at $3.64 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $5,300 it is 52 % more affordable than the average price in Santa Barbara. "Villa" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Detached House". At a price of $5,039 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $3.46 / sq.feet followed by "Condo" priced at $3.64 / sq.feet. "Villa" is the most expensive type of property with a $100 / sq.feet value followed by "Detached House" with an average price of $4.01 / sq.feet.