Property prices for rent in Cathedral City (California)
The rent prices in real estate in Cathedral City, 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 Cathedral City has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.97. In the following month the price per sq.feet rose considerably to $2.31. The price for the following two months in (November, December) had a considerable rise of 116 %. 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 $2.31 to $2.48 during January, and February.
When referring to the price in Cathedral City (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is $2,164. During October the price went through a considerable rise reaching $2,553. During the following two months (November, December) the average price had a considerable rise of 126 % 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 increased 112 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,852 they are 42 % more affordable than the average price for Cathedral City . The properties with the highest average price have 3 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,023.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $2.48 / sq.feet, with an average $2.43 / sq.feet price in Cathedral City. The properties with the most expensive average prices have 4 bedrooms. They are 65 % more expensive than the average followed by properties with 1 bedroom with a price at $2.83 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,852 it is 43 % more affordable than the average price in Cathedral City. "House" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "Townhouse". At a price of $1,765 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2 / sq.feet followed by "House" priced at $4 / sq.feet. "House" is the most expensive type of property with a $4 / sq.feet value followed by "Condo" with an average price of $2 / sq.feet.
