The rent prices in real estate in Van Nuys, in the California region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Van Nuys has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.23. In the following month the price per sq.feet rose considerably to $8.73. The price for the following two months in (December, January) had a considerable rise of 129 %. The price per sq.feet has had a considerable fall of 37 % 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 $6.29 to $2.31 during February, and March.
When referring to the price in Van Nuys (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,055. In November This price remains at $2,002. In the following two months the average price has hardly changed with regard to the previous two months from $2,028.5 to $2,034. 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 $2,150 they are 19 % more affordable than the average price for Van Nuys . The properties with the highest average price have 4 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,196.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.95 / sq.feet, with an average $2.27 / sq.feet price in Van Nuys. The properties with the most expensive average prices have 2 bedrooms. They are 135 % more expensive than the average followed by properties with 1 bedroom with a price at $2.53 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,150 it is 9 % more affordable than the average price in Van Nuys. "Office" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $2,308 it is 35 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $2.29 / sq.feet followed by "Condo" priced at $2.6 / sq.feet. "House" is the most expensive type of property with a $17.65 / sq.feet value followed by "Office" with an average price of $8 / sq.feet.