The rent prices in real estate in Desert Hot Springs, 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 Desert Hot Springs has had a strong fall during the last 6 months. In May, the average price per sq.feet was $1.57. In the following month the price per sq.feet fell considerably to $1.05. The price for the following two months in (July, August) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable fall of 60 % 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 $1.19 to $0.71 during September, and October.
When referring to the price in Desert Hot Springs (cities), this has fallen considerably in the last 6 months. The average price for May is $1,595. During June the price had a slight fall till $1,468. In the following two months the average price has hardly changed with regard to the previous two months from $1,531.5 to $1,556.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,544 to $998, which means a 65 % fall.
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 $1,113 they are 31 % more affordable than the average price for Desert Hot Springs . The properties with the highest average price have 2 bedrooms, Their price is 5 % more expensive than the average. After that we have properties with 1 bedroom priced at $768.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $1.69 / sq.feet, with an average $1.43 / sq.feet price in Desert Hot Springs. The properties with the most expensive average prices have 2 bedrooms. They are 669 % more expensive than the average followed by properties with 1 bedroom with a price at $1.69 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,113 it is 5 % more affordable than the average price in Desert Hot Springs. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,251 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $19 / sq.feet followed by "House" priced at $24 / sq.feet. "House" is the most expensive type of property with a $24 / sq.feet value followed by "Apartment" with an average price of $19 / sq.feet.