The rent prices in real estate in Shingle Springs, in the California 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 Shingle Springs has had a strong fall during the last 6 months. In March, the average price per sq.feet was $1.79. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (May, June) had a considerable fall of 72 with regard to the previous two months. The price per sq.feet has had a considerable rise of 118 % 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 $1.2 to $1.41 during July, and August.
When referring to the price in Shingle Springs (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,901. In April This price remains at $1,942. During the following two months (May, June) the average price fell 90 % 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 increased 113 % 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 $1,904 they are 31 % more affordable than the average price for Shingle Springs . The properties with the lowest average price have 2 bedrooms, Their price is 24 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,318.
According to average price per property type in Shingle Springs, "" priced at $1,458 is 23 % lower than the average price ($1,904) in this city.