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 November, the average price per sq.feet was $3.79. In the following month the price per sq.feet fell to $3.59. In the following two months the price per sq.feet has risen 112 %, going from $3.69 to $4.12 per sq.feet. The price per sq.feet has had a considerable rise of 301 % 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 $3.9 to $11.74 during March, and April.
When referring to the price in Beverly Hills (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $8,106. In December This price remains at $7,741. In the following two months the average price has hardly changed with regard to the previous two months from $7,923.5 to $8,165.5. During the last two months the average price has fallen greatly compared to the previous four going from $8,044.5 to $4,306.5, which means a 54 % fall.
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 $5,281 they are 39 % more affordable than the average price for Beverly Hills . The properties with the highest average price have 4 bedrooms, Their price is 210 % more expensive than the average. After that we have properties with 3 bedrooms priced at $7,109.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.09 / sq.feet, with an average $3.82 / sq.feet price in Beverly Hills. The properties with the most expensive average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 4 bedrooms with a price at $4.51 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $5,281 it is 47 % more affordable than the average price in Beverly Hills. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Duplex". At a price of $5,892 it is 209 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $2.52 / sq.feet followed by "House" priced at $3.56 / sq.feet. "Condo" is the most expensive type of property with a $4.66 / sq.feet value followed by "House" with an average price of $3.56 / sq.feet.