The rent prices in real estate in Beverly Hills, 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 Beverly Hills has risen strongly during the last 6 months. In January, the average price per sq.feet was $4.03. In February this price barely changed remaining at $4.01 per sq.feet. The price for the following two months in (March, April) had a considerable rise of 119 %. 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 $4.41 to $4.87 during May, and June.
When referring to the price in Beverly Hills (cities), this has risen considerably in the last 6 months. The average price during our first sample month during January, is $9,213. During February the price went through a considerable rise reaching $11,446. During the following two months (March, April) the average price had a considerable rise of 125 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 115 % 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 $14,368 they are 74 % more affordable than the average price for Beverly Hills . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $10,623.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.84 / sq.feet, with an average $5.22 / sq.feet price in Beverly Hills. The properties with the most expensive average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $4.76 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $14,368 it is 72 % more affordable than the average price in Beverly Hills. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $4,423 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $3.76 / sq.feet followed by "House" priced at $5.48 / sq.feet. "House" is the most expensive type of property with a $5.48 / sq.feet value followed by "Condo" with an average price of $3.76 / sq.feet.