The rent prices in real estate in Newport Beach, 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 Newport Beach has risen during the last 6 months. In July, the average price per sq.feet was $2.76. In August this price barely changed remaining at $2.86 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from $2.81 to $3.02 per sq.feet. The price per sq.feet has risen 107 % 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 $2.91 to $3.11 during November, and December.
When referring to the price in Newport Beach (cities), there have hardly been any changes in the last 6 months. The average price for July is $3,551. During August the price had a considerable fall till $2,919. During the following two months (September, October) the price has had an average rise from $3,235 to $3,511. Based on an analysis of the first four prices and the last two months the average price has increased 113 % during the last two months.
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 $3,525 they are 33 % more affordable than the average price for Newport Beach . The properties with the highest average price have 4 bedrooms, Their price is 256 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,316.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.9 / sq.feet, with an average $3 / sq.feet price in Newport Beach. The properties with the most expensive average prices have 4 bedrooms. They are 65 % more expensive than the average followed by properties with 1 bedroom with a price at $3.03 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,525 it is 16 % more affordable than the average price in Newport Beach. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Commercial". At a price of $3,355 it is 71 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2.92 / sq.feet followed by "Condo" priced at $3.31 / sq.feet. "Commercial" is the most expensive type of property with a $55 / sq.feet value followed by "Condo" with an average price of $3.31 / sq.feet.