The rent prices in real estate in Garden Grove, 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 Garden Grove has had a strong fall during the last 6 months. In June, the average price per sq.feet was $19.36. In July this price barely changed remaining at $18.49 per sq.feet. The price for the following two months in (August, September) had a considerable fall of 12 with regard to the previous two months. The price per sq.feet has had a considerable fall of 20 % 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 $10.56 to $2.1 during October, and November.
When referring to the price in Garden Grove (cities), there have hardly been any changes in the last 6 months. The rent price in June is $2,129, rising in July till $2,265. During the following two months (August, September) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $2,117.75 to $1,975 in October and November.
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 $1,967 they are 15 % more affordable than the average price for Garden Grove . The properties with the highest average price have 3 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,630.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.27 / sq.feet, with an average $2.12 / sq.feet price in Garden Grove. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.21 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $1,967 it is 40 % more affordable than the average price in Garden Grove. "Duplex" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,373 it is 30 % 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 $1.62 / sq.feet followed by "Apartment" priced at $2.2 / sq.feet. "Duplex" is the most expensive type of property with a $26 / sq.feet value followed by "Office" with an average price of $21 / sq.feet.