The rent prices in real estate in Vallejo, 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 Vallejo has had a strong fall during the last 6 months. In November, the average price per sq.feet was $47.72. In the following month the price per sq.feet rose considerably to $55.55. The price for the following two months in (January, February) had a considerable fall of 59 with regard to the previous two months. The price per sq.feet has had a considerable fall of 4 % 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 $41.14 to $1.61 during March, and April.
When referring to the price in Vallejo (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $1,933. In December This price remains at $1,870. During the following two months (January, February) the average price fell 93 % 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 $1,836.25 to $1,334.5, which means a 73 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,353 they are 2 % more expensive than the average price for Vallejo. Following this ranking we find those properties with 3 at an average price of $1,446. The properties with the highest average price have 4 bedrooms, Their price is 92 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,954.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.07 / sq.feet, with an average $1.64 / sq.feet price in Vallejo. The properties with the most expensive average prices have 4 bedrooms. They are 4015 % more expensive than the average followed by properties with 1 bedroom with a price at $54.86 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,353 it is 3 % more affordable than the average price in Vallejo. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Duplex". At a price of $1,951 it is 86 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.21 / sq.feet followed by "House" priced at $1.66 / sq.feet. "Duplex" is the most expensive type of property with a $57 / sq.feet value followed by "Townhouse" with an average price of $44 / sq.feet.