The rent prices in real estate in Palm Springs, 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 Springs has fallen during the last 6 months. In April, the average price per sq.feet was $1.86. In the following month the price per sq.feet fell to $1.67. The price for the following two months in (June, July) fell 95 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.72 to $1.79 during August y September
When referring to the price in Palm Springs (cities), this has fallen considerably in the last 6 months. The average price for April is $1,972. During May the price had a considerable fall till $1,542. During the following two months (June, July) the average price had a considerable fall of 84 % 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 106 % 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 $2,078 they are 29 % more affordable than the average price for Palm Springs . The properties with the highest average price have 4 bedrooms, Their price is 235 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,598.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.83 / sq.feet, with an average $2.04 / sq.feet price in Palm Springs. The properties with the most expensive average prices have 4 bedrooms. They are 24 % more expensive than the average followed by properties with 1 bedroom with a price at $2.25 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,078 it is 38 % more affordable than the average price in Palm Springs. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $2,149 it is 44 % 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 $1.84 / sq.feet followed by "Condo" priced at $2.23 / sq.feet. "Townhouse" is the most expensive type of property with a $187 / sq.feet value followed by "Commercial" with an average price of $8 / sq.feet.