The rent prices in real estate in Reseda, in the California 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 Reseda has had a strong fall during the last 6 months. In February, the average price per sq.feet was $20.26. In the following month the price per sq.feet fell considerably to $2.39. The price for the following two months in (April, May) had a considerable fall of 22 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 $6.91 to $4.84 during June, and July.
When referring to the price in Reseda (cities), this has fallen in the last 6 months. In our first sample month during February, the average price is $2,619. In March This price remains at $2,522. During the following two months (April, May) the average price fell 90 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,443.5 to $1,988, which means a 81 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,990 they are 30 % more affordable than the average price for Reseda . The properties with the highest average price have 3 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,134.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.14 / sq.feet, with an average $7.51 / sq.feet price in Reseda. The properties with the most expensive average prices have 3 bedrooms. They are 784 % more expensive than the average followed by properties with 1 bedroom with a price at $15.5 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of $1,990 it is 13 % more expensive than the average price in Reseda. "Apartment" is seen as the second most expensive property type. The most expensive property type is "" followed by "Duplex". At a price of $2,320 it is 31 % 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 $1 / sq.feet followed by "Townhouse" priced at $21 / sq.feet. "Duplex" is the most expensive type of property with a $29 / sq.feet value followed by "Townhouse" with an average price of $21 / sq.feet.