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 August, the average price per sq.feet was $5.21. In the following month the price per sq.feet fell to $4.83. The price for the following two months in (October, November) fell 92 % 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 $4.83 to $4.84 during December y January
When referring to the price in Santa Barbara (cities), this has fallen considerably in the last 6 months. The average price for August is $10,933. During September the price had a slight fall till $10,110. During the following two months (October, November) the average price fell 88 % 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 90 %, going from $9,880.5 to $8,855 in 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 $8,589 they are 64 % more affordable than the average price for Santa Barbara . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $9,478.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $4.52 / sq.feet, with an average $4.9 / sq.feet price in Santa Barbara. The properties with the most expensive average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 3 bedrooms with a price at $4.97 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $8,589 it is 61 % more affordable than the average price in Santa Barbara. "Detached House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $6,144 it is 19 % 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 $4.63 / sq.feet followed by "House" priced at $4.78 / sq.feet. "Apartment" is the most expensive type of property with a $80 / sq.feet value followed by "Detached House" with an average price of $75 / sq.feet.