The rent prices in real estate in Solvang, 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 Solvang has fallen during the last 6 months. In October, the average price per sq.feet was $3.56. In the following month the price per sq.feet fell considerably to $2.76. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 116 % 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 $2.97 to $3.45 during February, and March.
When referring to the price in Solvang (cities), this has fallen considerably in the last 6 months. The average price for October is $7,034. During November the price had a considerable fall till $4,294. During the following two months (December, January) the average price had a considerable fall of 77 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $5,025.5 to $3,417.5, which means a 68 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $2,631 they are 36 % more affordable than the average price for Solvang . The properties with the highest average price have 4 bedrooms, Their price is 185 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,136.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $3.55 / sq.feet price in Solvang. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.89 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $2,631 it is 6 % more expensive than the average price in Solvang. "Duplex" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Condo". At a price of $3,062 it is 113 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2 / sq.feet followed by "House" priced at $3 / sq.feet. "Condo" is the most expensive type of property with a $47 / sq.feet value followed by "Duplex" with an average price of $42 / sq.feet.