The rent prices in real estate in Airdrie, in the Alberta 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 Airdrie has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.65. In November this price barely changed remaining at $2.61 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable fall of 63 % 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 $2.42 to $1.51 during February, and March.
When referring to the price in Airdrie (cities), this has risen in the last 6 months. The rent price in October is $1,443, rising in November till $1,619. In the following two months the average price has hardly changed with regard to the previous two months from $1,531 to $1,604.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,567.75 and $1,516 between February and March.
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 $1,596 they are 72 % more affordable than the average price for Airdrie . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,576.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $0.76 / sq.feet, with an average $1.39 / sq.feet price in Airdrie. The properties with the most expensive average prices have 4 bedrooms. They are 35871 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.62 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,596 it is 14 % more affordable than the average price in Airdrie. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,399 it is 27 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.