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 October, the average price per sq.feet was $2. In November this price barely changed remaining at $1.99 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 25 with regard to the previous two months. The price per sq.feet has had a considerable rise of 143 % 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 $1.25 to $1.78 during February, and March.
When referring to the price in Shingle Springs (cities), there have hardly been any changes in the last 6 months. The rent price in October is $1,947, rising in November till $2,065. In the following two months the average price has hardly changed with regard to the previous two months from $2,006 to $1,961. 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 $1,983.5 to $1,829 in February and March.
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 $1,662 they are 21 % more affordable than the average price for Shingle Springs . The properties with the lowest average price have 2 bedrooms, Their price is 14 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,314.
According to average price per property type in Shingle Springs, "" priced at $1,454 is 13 % lower than the average price ($1,662) in this city.