The rent prices in real estate in Topanga, 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 Topanga has had a strong fall during the last 6 months. In September, the average price per sq.feet was $5.63. In the following month the price per sq.feet fell to $5. The price for the following two months in (November, December) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 79 % 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 $5.01 to $3.97 during January, and February.
When referring to the price in Topanga (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $10,245. In October This price remains at $9,926. During the following two months (November, December) the average price fell 89 % 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 $9,525.25 to $7,106.5, which means a 75 % fall.
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 $6,671 they are 42 % more affordable than the average price for Topanga . The properties with the highest average price have 3 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 4 bedrooms priced at $10,228.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $3.8 / sq.feet price in Topanga. The properties with the most expensive average prices have 3 bedrooms. They are 5 % more expensive than the average followed by properties with 1 bedroom with a price at $3.76 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $6,671 it is 33 % more affordable than the average price in Topanga. "Detached House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $9,000 it is 37 % 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 $3 / sq.feet followed by "Condo" priced at $12 / sq.feet. "Condo" is the most expensive type of property with a $12 / sq.feet value followed by "House" with an average price of $3 / sq.feet.