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 March, the average price per sq.feet was $30.32. In the following month the price per sq.feet rose considerably to $46.83. The price for the following two months in (May, June) had a considerable fall of 14 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $21.98 to $3.66 during July, and August.
When referring to the price in Topanga (cities), this has risen in the last 6 months. The average price during our first sample month during March, is $7,594. During April the price went through a considerable rise reaching $9,720. During the following two months (May, June) the average price had a considerable rise of 116 % 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 $9,337.75 to $6,875, which means a 74 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 3 % more expensive than the average price of $7,043 in Topanga. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 3 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2365 % more expensive than the average price of ($89 / sq.feet) in Topanga. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2365 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $6,850 it is 3 % more expensive than the average price in Topanga. "Land" is seen as the second most expensive property type. The most expensive property type is "Land" followed by "House". At a price of $7,043 it is 21 % 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 $89 / sq.feet followed by "Land" priced at $139 / sq.feet. "Land" is the most expensive type of property with a $139 / sq.feet value followed by "House" with an average price of $89 / sq.feet.