The rent prices in real estate in Hollywood, in the Florida 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 Hollywood has had a strong fall during the last 6 months. In November, the average price per sq.feet was $73.53. In the following month the price per sq.feet fell considerably to $53.09. The price for the following two months in (January, February) had a considerable fall of 64 with regard to the previous two months. The price per sq.feet has had a considerable fall of 73 % 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 $51.83 to $37.6 during March, and April.
When referring to the price in Hollywood (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,011. In December This price remains at $1,950. In the following two months the average price has hardly changed with regard to the previous two months from $1,980.5 to $1,900.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 $2,125 they are 28 % more affordable than the average price for Hollywood . The properties with the highest average price have 4 bedrooms, Their price is 60 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,360.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $29.73 / sq.feet, with an average $38.54 / sq.feet price in Hollywood. The properties with the most expensive average prices have 2 bedrooms. They are 112 % more expensive than the average followed by properties with 4 bedrooms with a price at $73.72 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $2,125 it is 38 % more affordable than the average price in Hollywood. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Condo". At a price of $2,335 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $1 / sq.feet followed by "Apartment" priced at $6.52 / sq.feet. "Commercial" is the most expensive type of property with a $123.06 / sq.feet value followed by "House" with an average price of $102.77 / sq.feet.