Property prices for rent in Malibu (California)
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.
