The rent prices in real estate in Malibu, in the California 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 Malibu has fallen during the last 6 months. In November, the average price per sq.feet was $8.48. In the following month the price per sq.feet fell to $7.68. In the following two months the price per sq.feet has practically remained the same, going from $8.08 to $7.7 per sq.feet. The price per sq.feet has risen 107 % 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 $7.89 to $8.45 during March, and April.
When referring to the price in Malibu (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $19,027. In December This price remains at $18,659. In the following two months the average price has hardly changed with regard to the previous two months from $18,843 to $19,564.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 118 % during the last two months.
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 $22,657 they are 64 % more affordable than the average price for Malibu . The properties with the highest average price have 4 bedrooms, Their price is 35 % more expensive than the average. After that we have properties with 3 bedrooms priced at $21,987.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $6.48 / sq.feet, with an average $8.52 / sq.feet price in Malibu. The properties with the most expensive average prices have 1 bedroom. They are 56 % more expensive than the average followed by properties with 3 bedrooms with a price at $9.96 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $22,657 it is 66 % more affordable than the average price in Malibu. "" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $33,415 it is 88 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $7.21 / sq.feet followed by "Condo" priced at $7.57 / sq.feet. "Townhouse" is the most expensive type of property with a $115 / sq.feet value followed by "House" with an average price of $10.99 / sq.feet.