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.