The rent prices in real estate in Pembroke Pines, in the Florida 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 Pembroke Pines has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.87. In April this price barely changed remaining at $1.85 per sq.feet. In the following two months the price per sq.feet has risen 113 %, going from $1.86 to $2.1 per sq.feet. The price per sq.feet has had a considerable rise of 124 % 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 $1.98 to $2.45 during July, and August.
When referring to the price in Pembroke Pines (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,943. In April This price remains at $1,928. In the following two months the average price has hardly changed with regard to the previous two months from $1,935.5 to $1,947.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,941.5 and $1,966.5 between July and August.
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 $1,983 they are 28 % more affordable than the average price for Pembroke Pines . The properties with the highest average price have 4 bedrooms, Their price is 54 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,289.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.35 / sq.feet, with an average $2.84 / sq.feet price in Pembroke Pines. The properties with the most affordable average prices have 1 bedroom. They are 32 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.61 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,983 it is 20 % more affordable than the average price in Pembroke Pines. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "House". At a price of $2,455 it is 50 % 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 $1.61 / sq.feet followed by "Condo" priced at $1.66 / sq.feet. "Villa" is the most expensive type of property with a $15.52 / sq.feet value followed by "Townhouse" with an average price of $13.91 / sq.feet.