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 April, the average price per sq.feet was $9.47. In the following month the price per sq.feet rose considerably to $13.15. The price for the following two months in (June, July) had a considerable rise of 219 %. The price per sq.feet has had a considerable rise of 134 % 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 $18.02 to $24.07 during August, and September.
When referring to the price in Malibu (cities), this has fallen in the last 6 months. The average price for April is $12,987. During May the price had a considerable fall till $5,689. In the following two months the average price has hardly changed with regard to the previous two months from $9,338 to $9,433. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 165 % during the last two months.
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 $17,087 they are 63 % more affordable than the average price for Malibu . The properties with the highest average price have 4 bedrooms, Their price is 54 % more expensive than the average. After that we have properties with 3 bedrooms priced at $14,335.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $5.88 / sq.feet, with an average $22.03 / sq.feet price in Malibu. The properties with the most expensive average prices have 4 bedrooms. They are 222 % more expensive than the average followed by properties with 1 bedroom with a price at $38.85 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $17,087 it is 69 % more affordable than the average price in Malibu. "Condo" is seen as the second most affordable property type. The most affordable property is "Villa" followed by "House". At a price of $12,513 it is 27 % 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 $4.43 / sq.feet followed by "Condo" priced at $5.18 / sq.feet. "Villa" is the most expensive type of property with a $138 / sq.feet value followed by "House" with an average price of $62.2 / sq.feet.