The rent prices in real estate in Glendale, in the Arizona 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 Glendale has had a strong fall during the last 6 months. In April, the average price per sq.feet was $4.76. In the following month the price per sq.feet fell considerably to $3.11. In the following two months the price per sq.feet has risen 111 %, going from $3.93 to $4.38 per sq.feet. The price per sq.feet has had a considerable fall of 29 % 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 $4.15 to $1.2 during August, and September.
When referring to the price in Glendale (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,095. In May This price remains at $1,102. In the following two months the average price has hardly changed with regard to the previous two months from $1,098.5 to $1,124. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,111.25 and $1,116.5 between August and September.
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 $1,190 they are 25 % more affordable than the average price for Glendale . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,557.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.9 / sq.feet, with an average $1.2 / sq.feet price in Glendale. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.15 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,190 it is 17 % more affordable than the average price in Glendale. "Office" is seen as the second most affordable property type. The most affordable property is "" followed by "Condo". At a price of $1,092 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $1.27 / sq.feet followed by "Condo" priced at $9 / sq.feet. "Office" is the most expensive type of property with a $25 / sq.feet value followed by "Condo" with an average price of $9 / sq.feet.