With a bit of seasonality in play, the weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has ticked up to around $4,250 per month, which is roughly 3 percent above its mark at the same time last year but still 4 percent below its peak in the fourth quarter of 2015, with the average asking rent for a one-bedroom in the city holding at around $3,700 a month.
At the same time, the weighted average asking rent for an apartment in Oakland has ticked up to around $2,600 a month, which is roughly 4 percent higher versus the same time last year but 13 percent below its peak in the second quarter of 2016, with the average asking rent for a one-bedroom holding at around $2,200 a month (which is 41 percent less expensive than in San Francisco versus 37 percent less expensive at the same time last year).
Our trends analysis is based on pricing data from over 3,000 past and current apartment listings in San Francisco and Oakland combined and for which the “weighted average” apartment totals 2.4 bedrooms when counting a studio as having one.
Seems high, no?
“Our trends analysis is based on pricing data from over 3,000 past and current apartment listings in San Francisco and Oakland combined and for which the “weighted average” apartment totals 2.4 bedrooms when counting a studio as having one.”
Where are you getting this data? Scraping Craigslist?