The rent prices in real estate in Palm Desert, 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 Palm Desert has risen strongly during the last 6 months. In August, the average price per sq.feet was $1.42. In the following month the price per sq.feet rose to $1.52. The price for the following two months in (October, November) had a considerable rise of 123 %. The price per sq.feet has fallen 94 % 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 $1.64 to $1.54 during December, and January.
When referring to the price in Palm Desert (cities), this has risen considerably in the last 6 months. The rent price in August is $1,942, rising in September till $2,206. During the following two months (October, November) the price has had an average rise from $2,074 to $2,280.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 149 % 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 $3,869 they are 66 % more affordable than the average price for Palm Desert . The properties with the highest average price have 4 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,731.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.31 / sq.feet, with an average $1.32 / sq.feet price in Palm Desert. The properties with the most expensive average prices have 4 bedrooms. They are 4932 % more expensive than the average followed by properties with 1 bedroom with a price at $17.12 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $3,869 it is 60 % more affordable than the average price in Palm Desert. "Office" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $3,231 it is 4 % 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 $1.04 / sq.feet followed by "Condo" priced at $1.61 / sq.feet. "Townhouse" is the most expensive type of property with a $66 / sq.feet value followed by "Commercial" with an average price of $55 / sq.feet.