The rent prices in real estate in Campbell River, in the British Columbia 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 Campbell River has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3.76. In November this price barely changed remaining at $3.58 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable fall of 75 % 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 $3.34 to $2.51 during February, and March.
When referring to the price in Campbell River (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,915. In November This price remains at $1,898. In the following two months the average price has hardly changed with regard to the previous two months from $1,906.5 to $1,969. 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 $1,937.75 and $1,894.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,914 they are 60 % more affordable than the average price for Campbell River . The properties with the highest average price have 3 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,079.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $2.44 / sq.feet, with an average $2.39 / sq.feet price in Campbell River. The properties with the most expensive average prices have 1 bedroom. They are 50 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.45 / sq.feet.
According to average price per property type in Campbell River, "" priced at $764 is 60 % lower than the average price ($1,914) in this city.