The rent prices in real estate in Santa Barbara, 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 Santa Barbara has fallen during the last 6 months. In March, the average price per sq.feet was $3.52. In the following month the price per sq.feet fell to $3.32. The price for the following two months in (May, June) fell 95 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $3.33 to $3.29 during July y August
When referring to the price in Santa Barbara (cities), this has fallen in the last 6 months. In our first sample month during March, the average price is $3,399. In April This price remains at $3,281. During the following two months (May, June) the average price fell 87 % 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 89 %, going from $3,128.5 to $2,774 in July and August.
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 $2,761 they are 24 % more affordable than the average price for Santa Barbara . The properties with the highest average price have 4 bedrooms, Their price is 289 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,131.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.46 / sq.feet, with an average $3.31 / sq.feet price in Santa Barbara. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 4 bedrooms with a price at $3.25 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,761 it is 11 % more affordable than the average price in Santa Barbara. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Detached House". At a price of $3,900 it is 86 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $3.35 / sq.feet followed by "Townhouse" priced at $27 / sq.feet. "Detached House" is the most expensive type of property with a $104 / sq.feet value followed by "Condo" with an average price of $41 / sq.feet.