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 May, the average price per sq.feet was $1.63. In the following month the price per sq.feet rose considerably to $17.12. The price for the following two months in (July, August) had a considerable rise of 179 %. The price per sq.feet has had a considerable fall of 30 % 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 $13.08 to $3.93 during September, and October.
When referring to the price in Hollywood (cities), this has risen considerably in the last 6 months. The average price during our first sample month during May, is $2,080. During June the price went through a considerable rise reaching $3,341. In the following two months the average price has hardly changed with regard to the previous two months from $2,710.5 to $2,675. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 85 %, going from $2,692.75 to $2,291 in September and October.
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 $2,205 they are 14 % more affordable than the average price for Hollywood . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,590.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.86 / sq.feet, with an average $2.98 / sq.feet price in Hollywood. The properties with the most affordable average prices have 1 bedroom. They are 20 % more affordable than the average followed by properties with 3 bedrooms with a price at $2.02 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,205 it is 32 % more affordable than the average price in Hollywood. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Land". At a price of $2,395 it is 90 % 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 $1.78 / sq.feet followed by "House" priced at $1.87 / sq.feet. "Villa" is the most expensive type of property with a $25.14 / sq.feet value followed by "Apartment" with an average price of $24 / sq.feet.