The rent prices in real estate in Sylmar, 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 Sylmar has had a strong fall during the last 6 months. In June, the average price per sq.feet was $73.14. In the following month the price per sq.feet rose considerably to $86.31. The price for the following two months in (August, September) had a considerable fall of 3 with regard to the previous two months. The price per sq.feet has had a considerable fall of 6 % 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 $40.98 to $2.31 during October, and November.
When referring to the price in Sylmar (cities), this has fallen considerably in the last 6 months. The average price for June is $3,090. During July the price had a considerable fall till $2,533. During the following two months (August, September) the average price had a considerable fall of 75 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $2,456.25 to $2,124 in October and November.
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 $2,136 they are 9 % more affordable than the average price for Sylmar . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,706.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.34 / sq.feet price in Sylmar. The properties with the most expensive average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.17 / sq.feet.
The graph displaying the average rent prices displays the property type "Farm" as the most affordable one. At an cost of $2,136 it is 6 % more affordable than the average price in Sylmar. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,308 it is 18 % 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 "Farm" priced at $3 / sq.feet. "Condo" is the most expensive type of property with a $49 / sq.feet value followed by "Farm" with an average price of $3 / sq.feet.