The rent prices in real estate in Calabasas, in the California region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Calabasas has had a strong fall during the last 6 months. In July, the average price per sq.feet was $16.27. In the following month the price per sq.feet fell considerably to $2.89. The price for the following two months in (September, October) had a considerable fall of 31 with regard to the previous two months. The price per sq.feet has had a considerable fall of 46 % 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 $6.3 to $2.88 during November, and December.
When referring to the price in Calabasas (cities), this has risen considerably in the last 6 months. The average price for July is $3,356. During August the price had a slight fall till $3,143. During the following two months (September, October) the average price had a considerable rise of 149 % 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 122 % 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 $5,367 they are 58 % more affordable than the average price for Calabasas . The properties with the highest average price have 4 bedrooms, Their price is 63 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,025.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.47 / sq.feet, with an average $2.91 / sq.feet price in Calabasas. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 4 bedrooms with a price at $2.98 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial Property" as the most affordable one. At an cost of $5,367 it is 44 % more affordable than the average price in Calabasas. "House" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "Office". At a price of $3,736 it is 27 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "Condo" priced at $2.63 / sq.feet. "Office" is the most expensive type of property with a $16 / sq.feet value followed by "Commercial Property" with an average price of $6 / sq.feet.