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San Francisco rent prices down 31% as residents leave for more space, cheaper housing amid pandemic

A new report on housing prices in the Bay Area released Tuesday reveals an obvious trend: people are fleeing high-priced San Francisco for less expensive locations.

According to Realtor.com, the average price for a studio apartment in San Francisco has gone down 31% compared to last September.

That number represents the largest rent price drop for any county in the country, according to Realtor.com.

The monthly price for a one-bedroom in San Francisco has also gone down.

The average price is now $2,873, down 24.2% compared to last September.

Housing prices in San Mateo and Santa Clara counties, the heart of Silicon Valley, also took a dip in value.

The average price of a one-bedroom went down 12.5% and 12% respectively year over year. Read more via abc7news

Pemo Theodore

Pemo Theodore is a Media Publisher & Event Producer and a great people connector.. She is Founder/CEO Silicon Valley TV which has served the San Francisco Bay Area for 11 years! She has produced Silicon Valley Events for Investors & Startups for 9 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 5 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is visual media and she has built up a great body of work of videos of panels & interviews in Silicon Valley.startup ecosystem.

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