The rent prices in real estate in Santa Monica, 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 Monica has fallen during the last 6 months. In September, the average price per sq.feet was $5.05. In October this price barely changed remaining at $4.83 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $4.94 to $4.7 per sq.feet. 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 $4.82 to $4.68 during January y February
When referring to the price in Santa Monica (cities), this has fallen in the last 6 months. In our first sample month during September, the average price is $6,122. In October This price remains at $5,976. In the following two months the average price has hardly changed with regard to the previous two months from $6,049 to $5,749. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $5,899 to $5,419 in January and February.
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 $5,205 they are 36 % more affordable than the average price for Santa Monica . The properties with the highest average price have 4 bedrooms, Their price is 235 % more expensive than the average. After that we have properties with 3 bedrooms priced at $9,462.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $4.37 / sq.feet, with an average $4.41 / sq.feet price in Santa Monica. The properties with the most expensive average prices have 4 bedrooms. They are 25 % more expensive than the average followed by properties with 3 bedrooms with a price at $5.18 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $5,205 it is 40 % more affordable than the average price in Santa Monica. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $8,526 it is 215 % 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 $4.26 / sq.feet followed by "Condo" priced at $4.99 / sq.feet. "Land" is the most expensive type of property with a $57 / sq.feet value followed by "Apartment" with an average price of $5.3 / sq.feet.