The rent prices in real estate in Pasadena, 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 Pasadena has risen strongly during the last 6 months. In February, the average price per sq.feet was $2.8. In the following month the price per sq.feet rose considerably to $4.53. The price for the following two months in (April, May) had a considerable fall of 81 with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $3.32 to $3.03 during June, and July.
When referring to the price in Pasadena (cities), there have hardly been any changes in the last 6 months. The average price for February is $2,382. During March the price had a slight fall till $2,187. During the following two months (April, May) the price has had an average rise from $2,284.5 to $2,412.5. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $2,703 they are 15 % more affordable than the average price for Pasadena . The properties with the highest average price have 4 bedrooms, Their price is 115 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,642.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.61 / sq.feet, with an average $2.98 / sq.feet price in Pasadena. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.76 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,703 it is 13 % more affordable than the average price in Pasadena. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $3,358 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.63 / sq.feet followed by "Townhouse" priced at $2.71 / sq.feet. "Office" is the most expensive type of property with a $15 / sq.feet value followed by "House" with an average price of $3.18 / sq.feet.