The rent prices in real estate in Sonoma, 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 Sonoma has fallen during the last 6 months. In October, the average price per sq.feet was $2.42. In the following month the price per sq.feet fell to $2.22. The price for the following two months in (December, January) fell 91 % with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $2.22 to $2.04 during February, and March.
When referring to the price in Sonoma (cities), this has fallen in the last 6 months. The average price for October is $3,085. During November the price had a slight fall till $2,838. During the following two months (December, January) the average price fell 87 % 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 112 % 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 $3,235 they are 43 % more affordable than the average price for Sonoma . The properties with the lowest average price have 4 bedrooms, Their price is 10 % more affordable than the average. After that we have properties with 3 bedrooms priced at $2,612.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $2.09 / sq.feet price in Sonoma. The properties with the most expensive average prices have 4 bedrooms. They are 4254 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $3,235 it is 21 % more affordable than the average price in Sonoma. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $2,588 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $84 / sq.feet followed by "House" priced at $91 / sq.feet. "Condo" is the most expensive type of property with a $94 / sq.feet value followed by "House" with an average price of $91 / sq.feet.