The rent prices in real estate in Hollywood, in the Florida region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Hollywood has risen strongly during the last 6 months. In September, the average price per sq.feet was $2.07. In the following month the price per sq.feet fell to $1.87. The price for the following two months in (November, December) had a considerable rise of 331 %. The price per sq.feet has had a considerable fall of 48 % 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 $4.24 to $2.03 during January, and February.
When referring to the price in Hollywood (cities), there have hardly been any changes in the last 6 months. The average price for September is $2,101. During October the price had a slight fall till $1,959. During the following two months (November, December) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 120 % 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 $2,354 they are 27 % more affordable than the average price for Hollywood . The properties with the highest average price have 4 bedrooms, Their price is 82 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,012.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.65 / sq.feet, with an average $1.94 / sq.feet price in Hollywood. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 4 bedrooms with a price at $2.11 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,354 it is 27 % more affordable than the average price in Hollywood. "Villa" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Commercial". At a price of $6,443 it is 226 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $0.59 / sq.feet followed by "House" priced at $1.8 / sq.feet. "Condo" is the most expensive type of property with a $11.42 / sq.feet value followed by "Townhouse" with an average price of $2.11 / sq.feet.