The rent prices in real estate in Malibu, in the California 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 Malibu has risen strongly during the last 6 months. In August, the average price per sq.feet was $4.92. In the following month the price per sq.feet fell to $4.27. In the following two months the price per sq.feet has risen 108 %, going from $4.59 to $4.95 per sq.feet. The price per sq.feet has had a considerable rise of 870 % 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 $4.77 to $41.53 during December, and January.
When referring to the price in Malibu (cities), there have hardly been any changes in the last 6 months. The average price for August is $10,686. During September the price had a slight fall till $9,388. In the following two months the average price has hardly changed with regard to the previous two months from $10,037 to $10,483.5. 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 $10,260.25 and $10,733 between December and January.
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 $13,729 they are 60 % more affordable than the average price for Malibu . The properties with the highest average price have 4 bedrooms, Their price is 49 % more expensive than the average. After that we have properties with 3 bedrooms priced at $16,573.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $9.95 / sq.feet, with an average $79.16 / sq.feet price in Malibu. The properties with the most expensive average prices have 4 bedrooms. They are 128 % more expensive than the average followed by properties with 1 bedroom with a price at $29.85 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $13,729 it is 62 % more affordable than the average price in Malibu. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $12,562 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $3.57 / sq.feet followed by "House" priced at $92.13 / sq.feet. "Apartment" is the most expensive type of property with a $141 / sq.feet value followed by "House" with an average price of $92.13 / sq.feet.