The rent prices in real estate in West Hollywood, 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 West Hollywood has had a strong fall during the last 6 months. In February, the average price per sq.feet was $11.23. In the following month the price per sq.feet fell considerably to $3.78. The price for the following two months in (April, May) had a considerable fall of 47 with regard to the previous two months. The price per sq.feet has had a considerable rise of 145 % 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 $5.53 to $7.99 during June, and July.
When referring to the price in West Hollywood (cities), this has fallen considerably in the last 6 months. The average price for February is $3,832. During March the price had a considerable fall till $3,209. During the following two months (April, May) the average price fell 86 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $3,281.5 to $2,966.5 in June and July.
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 $2,901 they are 10 % more affordable than the average price for West Hollywood . The properties with the highest average price have 4 bedrooms, Their price is 161 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,717.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.09 / sq.feet, with an average $12.25 / sq.feet price in West Hollywood. The properties with the most expensive average prices have 4 bedrooms. They are 1369 % more expensive than the average followed by properties with 1 bedroom with a price at $3.79 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $2,901 it is 9 % more expensive than the average price in West Hollywood. "Duplex" is seen as the second most expensive property type. The most expensive property type is "Land" followed by "Townhouse". At a price of $6,187 it is 123 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $70 / sq.feet followed by "Duplex" priced at $74 / sq.feet. "Land" is the most expensive type of property with a $75 / sq.feet value followed by "Duplex" with an average price of $74 / sq.feet.