The rent prices in real estate in South Lake Tahoe, in the California region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in South Lake Tahoe has risen strongly during the last 6 months. In July, the average price per sq.feet was $1.73. In the following month the price per sq.feet rose considerably to $2.01. The price for the following two months in (September, October) had a considerable rise of 797 %. The price per sq.feet has had a considerable fall of 24 % 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 $8.39 to $2.05 during November, and December.
When referring to the price in South Lake Tahoe (cities), this has risen in the last 6 months. The average price for July is $2,002. During August the price had a slight fall till $1,892. During the following two months (September, October) the average price had a considerable rise of 127 % 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 $2,211.5 to $1,876.5, which means a 85 % fall.
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 $1,981 they are 43 % more affordable than the average price for South Lake Tahoe . The properties with the highest average price have 3 bedrooms, Their price is 70 % more expensive than the average. After that we have properties with 4 bedrooms priced at $3,225.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.73 / sq.feet, with an average $1.96 / sq.feet price in South Lake Tahoe. The properties with the most expensive average prices have 1 bedroom. They are 51 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.79 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,981 it is 25 % more affordable than the average price in South Lake Tahoe. "Duplex" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,553 it is 36 % 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 $1 / sq.feet followed by "Duplex" priced at $13 / sq.feet. "Condo" is the most expensive type of property with a $23 / sq.feet value followed by "Commercial" with an average price of $18 / sq.feet.