Property prices for rent in Palm Desert (California)
The rent prices in real estate in Palm Desert, in the California region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Palm Desert has fallen during the last 6 months. In November, the average price per sq.feet was $2.97. In December this price barely changed remaining at $2.92 per sq.feet. The price for the following two months in (January, February) fell 93 % with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $2.84 to $2.61 during March, and April.
When referring to the price in Palm Desert (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $4,781. In December This price remains at $4,881. During the following two months (January, February) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from $4,659.5 to $4,082.5 in March and April.
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 $4,377 they are 45 % more affordable than the average price for Palm Desert . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,344.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.4 / sq.feet, with an average $2.82 / sq.feet price in Palm Desert. The properties with the most expensive average prices have 2 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $3.01 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $4,377 it is 57 % more affordable than the average price in Palm Desert. "Land" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $5,237 it is 84 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $2 / sq.feet followed by "House" priced at $2.66 / sq.feet. "Land" is the most expensive type of property with a $14 / sq.feet value followed by "Condo" with an average price of $2.81 / sq.feet.
