The rent prices in real estate in Walnut Creek, 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 Walnut Creek has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.89. In the following month the price per sq.feet rose considerably to $102.25. The price for the following two months in (December, January) fell 89 % 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 $49.56 to $3.01 during February, and March.
When referring to the price in Walnut Creek (cities), this has risen in the last 6 months. The average price during our first sample month during October, is $2,446. During November the price went through a considerable rise reaching $2,934. In the following two months the average price has hardly changed with regard to the previous two months from $2,690 to $2,623.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $2,656.75 to $2,468 in February and March.
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 $2,471 they are 7 % more affordable than the average price for Walnut Creek . The properties with the highest average price have 4 bedrooms, Their price is 88 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,834.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.16 / sq.feet, with an average $2.98 / sq.feet price in Walnut Creek. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.79 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,471 it is 6 % more affordable than the average price in Walnut Creek. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of $2,609 it is 19 % 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 $2.48 / sq.feet followed by "Townhouse" priced at $2.59 / sq.feet. "Land" is the most expensive type of property with a $22 / sq.feet value followed by "Commercial" with an average price of $13 / sq.feet.