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.