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 $8.16. In the following month the price per sq.feet fell considerably to $3.52. The price for the following two months in (June, July) had a considerable fall of 62 with regard to the previous two months. The price per sq.feet has had a considerable fall of 59 % 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 $4.72 to $2.8 during August, and September.
When referring to the price in Corona Del Mar (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $5,724. In May This price remains at $5,944. In the following two months the average price has hardly changed with regard to the previous two months from $5,834 to $5,935.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $5,884.75 to $5,048 in August and September.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $4,992 they are 14 % more affordable than the average price for Corona Del Mar . The properties with the highest average price have 4 bedrooms, Their price is 122 % more expensive than the average. After that we have properties with 1 bedroom priced at $5,838.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.71 / sq.feet price in Corona Del Mar. The properties with the most expensive average prices have 1 bedroom. They are 1118 % more expensive than the average followed by properties with 4 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $4,992 it is 30 % 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 "" followed by "Apartment". At a price of $3,480 it is 9 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $15 / sq.feet. "Apartment" at an average price of $15 / sq.feet has the highest price and would be directed at more affluent cities.