The rent prices in real estate in Hollywood, in the Florida region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Hollywood has fallen during the last 6 months. In October, the average price per sq.feet was $13.43. In the following month the price per sq.feet fell to $11.62. In the following two months the price per sq.feet has practically remained the same, going from $12.52 to $12.34 per sq.feet. The price per sq.feet has risen 110 % 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 $12.43 to $13.68 during February, and March.
When referring to the price in Hollywood (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $3,335. In November This price remains at $3,442. In the following two months the average price has hardly changed with regard to the previous two months from $3,388.5 to $3,515. 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 $3,451.75 to $3,225 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 $3,205 they are 33 % more affordable than the average price for Hollywood . The properties with the highest average price have 4 bedrooms, Their price is 103 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,055.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.46 / sq.feet, with an average $17.61 / sq.feet price in Hollywood. The properties with the most affordable average prices have 4 bedrooms. They are 82 % more affordable than the average followed by properties with 1 bedroom with a price at $2.85 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,205 it is 13 % more affordable than the average price in Hollywood. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Land". At a price of $4,416 it is 41 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.63 / sq.feet followed by "House" priced at $3.65 / sq.feet. "Condo" is the most expensive type of property with a $32.71 / sq.feet value followed by "Villa" with an average price of $29.14 / sq.feet.