The rent prices in real estate in Santa Monica, in the California region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Santa Monica has risen during the last 6 months. In January, the average price per sq.feet was $4.89. In the following month the price per sq.feet rose to $5.22. In the following two months the price per sq.feet has risen 108 %, going from $5.05 to $5.43 per sq.feet. 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 $5.24 to $5.17 during May y June
When referring to the price in Santa Monica (cities), this has fallen in the last 6 months. The average price for January is $5,764. During February the price had a slight fall till $5,091. During the following two months (March, April) the average price fell 95 % 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 112 % 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 $5,234 they are 31 % more affordable than the average price for Santa Monica . The properties with the highest average price have 4 bedrooms, Their price is 185 % more expensive than the average. After that we have properties with 3 bedrooms priced at $8,017.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $4.74 / sq.feet, with an average $4.99 / sq.feet price in Santa Monica. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 4 bedrooms with a price at $5.4 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $5,234 it is 39 % more affordable than the average price in Santa Monica. "Land" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $7,043 it is 81 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $5.29 / sq.feet followed by "Condo" priced at $5.33 / sq.feet. "Townhouse" is the most expensive type of property with a $92 / sq.feet value followed by "Land" with an average price of $77 / sq.feet.