The rent prices in real estate in Corona Del Mar, 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 Corona Del Mar has had a strong fall during the last 6 months. In April, the average price per sq.feet was $93.62. In the following month the price per sq.feet fell considerably to $3.59. The price for the following two months in (June, July) had a considerable fall of 7 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $26.03 to $4.31 during August, and September.
When referring to the price in Corona Del Mar (cities), this has risen considerably in the last 6 months. In our first sample month during April, the average price is $4,850. In May This price remains at $4,672. During the following two months (June, July) the average price had a considerable rise of 144 % 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 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 $6,539 they are 58 % more affordable than the average price for Corona Del Mar . The properties with the highest average price have 4 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 3 bedrooms priced at $7,152.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $3.81 / sq.feet, with an average $3.91 / sq.feet price in Corona Del Mar. The properties with the most expensive average prices have 2 bedrooms. They are 7 % more expensive than the average followed by properties with 1 bedroom with a price at $4.07 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $6,539 it is 41 % more affordable than the average price in Corona Del Mar. "" is seen as the second most affordable property type. The most expensive property type is "Duplex" followed by "Condo". At a price of $6,942 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $3.33 / sq.feet followed by "Condo" priced at $3.79 / sq.feet. "Duplex" is the most expensive type of property with a $4.68 / sq.feet value followed by "Condo" with an average price of $3.79 / sq.feet.