The rent prices in real estate in Cochrane, in the Alberta region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Cochrane has fallen during the last 6 months. In September, the average price per sq.feet was $2.64. In October this price barely changed remaining at $2.58 per sq.feet. The price for the following two months in (November, December) fell 92 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 77 % 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 $2.51 to $1.94 during January, and February.
When referring to the price in Cochrane (cities), this has fallen in the last 6 months. The average price for September is $2,035. During October the price had a slight fall till $1,891. In the following two months the average price has hardly changed with regard to the previous two months from $1,963 to $2,028.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,995.75 to $1,828 in January and February.
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 $1,721 they are 26 % more affordable than the average price for Cochrane . The properties with the highest average price have 4 bedrooms, Their price is 54 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,348.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.84 / sq.feet, with an average $2.02 / sq.feet price in Cochrane. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.33 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $1,721 it is 6 % more expensive than the average price in Cochrane. "Apartment" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,916 it is 20 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $1 / sq.feet. "Apartment" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.