The rent prices in real estate in Pompano Beach, in the Florida region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Pompano Beach has had a strong fall during the last 6 months. In November, the average price per sq.feet was $40.39. In the following month the price per sq.feet fell to $37.65. The price for the following two months in (January, February) had a considerable fall of 54 with regard to the previous two months. The price per sq.feet has had a considerable fall of 70 % 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 $30.01 to $21.04 during March, and April.
When referring to the price in Pompano Beach (cities), there have hardly been any changes in the last 6 months. The average price for November is $1,703. During December the price had a slight fall till $1,610. In the following two months the average price has hardly changed with regard to the previous two months from $1,656.5 to $1,739. 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 $1,773 they are 20 % more affordable than the average price for Pompano Beach . The properties with the highest average price have 4 bedrooms, Their price is 78 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,657.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $32.07 / sq.feet, with an average $23.42 / sq.feet price in Pompano Beach. The properties with the most expensive average prices have 4 bedrooms. They are 189 % more expensive than the average followed by properties with 3 bedrooms with a price at $42.29 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,773 it is 17 % more affordable than the average price in Pompano Beach. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Condo". At a price of $2,245 it is 281 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $13.73 / sq.feet followed by "Land" priced at $38 / sq.feet. "Commercial" is the most expensive type of property with a $61.45 / sq.feet value followed by "Condo" with an average price of $43.5 / sq.feet.