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 December, the average price per sq.feet was $6.41. In the following month the price per sq.feet fell considerably to $2.43. The price for the following two months in (February, March) had a considerable rise of 387 %. The price per sq.feet has had a considerable fall of 82 % 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 $10.76 to $8.85 during April, and May.
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 December, the average price is $2,360. In January This price remains at $2,392. In the following two months the average price has hardly changed with regard to the previous two months from $2,376 to $2,358.5. Based on an analysis of the first four prices and the last two months the average price has increased 110 % 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 $2,600 they are 28 % more affordable than the average price for Hollywood . The properties with the highest average price have 4 bedrooms, Their price is 100 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,122.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.01 / sq.feet, with an average $8.72 / sq.feet price in Hollywood. The properties with the most affordable average prices have 4 bedrooms. They are 71 % more affordable than the average followed by properties with 1 bedroom with a price at $2.41 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $2,600 it is 42 % more affordable than the average price in Hollywood. "House" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Land". At a price of $2,888 it is 122 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2.03 / sq.feet followed by "Condo" priced at $2.08 / sq.feet. "Villa" is the most expensive type of property with a $32.98 / sq.feet value followed by "Duplex" with an average price of $22 / sq.feet.