The rent prices in real estate in Temecula, 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 Temecula has risen strongly during the last 6 months. In January, the average price per sq.feet was $1.58. In the following month the price per sq.feet rose considerably to $7.77. The price for the following two months in (March, April) had a considerable fall of 34 with regard to the previous two months. The price per sq.feet has had a considerable fall of 43 % 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 $3.13 to $1.36 during May, and June.
When referring to the price in Temecula (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $2,203. In February This price remains at $2,291. In the following two months the average price has hardly changed with regard to the previous two months from $2,247 to $2,146. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,196.5 and $2,153 between May and June.
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 $2,231 they are 23 % more affordable than the average price for Temecula . The properties with the highest average price have 4 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,222.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.92 / sq.feet, with an average $1.36 / sq.feet price in Temecula. The properties with the most expensive average prices have 1 bedroom. They are 62 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.8 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $2,231 it is 13 % more affordable than the average price in Temecula. "Apartment" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,362 it is 7 % 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 $1.16 / sq.feet followed by "Apartment" priced at $1.84 / sq.feet. "Office" is the most expensive type of property with a $47 / sq.feet value followed by "Apartment" with an average price of $1.84 / sq.feet.