Property prices for rent in Malibu (California)
The rent prices in real estate in Malibu, in the California region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Malibu has risen during the last 6 months. In October, the average price per sq.feet was $7.87. In November this price barely changed remaining at $8.23 per sq.feet. In the following two months the price per sq.feet has risen 112 %, going from $8.05 to $8.98 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $8.52 to $8.19 during February y March
When referring to the price in Malibu (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $19,416. During November the price went through a considerable rise reaching $23,083. During the following two months (December, January) the price has had an average rise from $21,249.5 to $24,230.5. 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 $22,740 and $21,955 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $22,359 they are 72 % more affordable than the average price for Malibu . The properties with the highest average price have 4 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 3 bedrooms priced at $14,320.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $5 / sq.feet, with an average $8.14 / sq.feet price in Malibu. The properties with the most expensive average prices have 4 bedrooms. They are 760 % more expensive than the average followed by properties with 1 bedroom with a price at $38 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $22,359 it is 76 % more affordable than the average price in Malibu. "Condo" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "House". At a price of $12,500 it is 44 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $4 / sq.feet followed by "Condo" priced at $5 / sq.feet. "Apartment" is the most expensive type of property with a $137 / sq.feet value followed by "House" with an average price of $62 / sq.feet.
