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 December, the average price per sq.feet was $1.44. In January this price barely changed remaining at $1.41 per sq.feet. In the following two months the price per sq.feet has risen 105 %, going from $1.42 to $1.5 per sq.feet. The price per sq.feet has had a considerable rise of 368 % 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 $1.46 to $5.39 during April, and May.
When referring to the price in Temecula (cities), this has risen in the last 6 months. In our first sample month during December, the average price is $2,479. In January This price remains at $2,474. During the following two months (February, March) the price has had an average rise from $2,476.5 to $2,732.5. 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 $2,604.5 and $2,678 between April and May.
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 $2,798 they are 60 % more affordable than the average price for Temecula . The properties with the highest average price have 4 bedrooms, Their price is 2 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,299.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $8.92 / sq.feet price in Temecula. The properties with the most affordable average prices have 1 bedroom. They are 78 % more affordable than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,798 it is 39 % more affordable than the average price in Temecula. "Office" is seen as the second most affordable property type. The most affordable property is "" followed by "Office". At a price of $1,909 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2 / sq.feet followed by "Office" priced at $36 / sq.feet. "Office" is the most expensive type of property with a $36 / sq.feet value followed by "House" with an average price of $2 / sq.feet.