The rent prices in real estate in Pacific Palisades, in the California region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Pacific Palisades has had a strong fall during the last 6 months. In April, the average price per sq.feet was $119.38. In the following month the price per sq.feet fell considerably to $4. The price for the following two months in (June, July) had a considerable fall of 58 with regard to the previous two months. The price per sq.feet has had a considerable fall of 8 % 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 $48.6 to $4.02 during August, and September.
When referring to the price in Pacific Palisades (cities), this has fallen considerably in the last 6 months. The average price for April is $13,790. During May the price had a considerable fall till $7,354. During the following two months (June, July) the average price had a considerable fall of 35 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 $11,771 they are 58 % more affordable than the average price for Pacific Palisades . The properties with the highest average price have 1 bedroom, Their price is 6 % more expensive than the average. After that we have properties with 4 bedrooms priced at $11,602.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $4.79 / sq.feet price in Pacific Palisades. The properties with the most expensive average prices have 1 bedroom. They are 276 % more expensive than the average followed by properties with 3 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $11,771 it is 45 % more affordable than the average price in Pacific Palisades. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "" followed by "Townhouse". At a price of $10,747 it is 6 % 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 $1 / sq.feet followed by "Townhouse" priced at $160 / sq.feet. "Townhouse" is the most expensive type of property with a $160 / sq.feet value followed by "House" with an average price of $1 / sq.feet.