The rent prices in real estate in Cold Lake, 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 Cold Lake has had a strong fall during the last 6 months. In September, the average price per sq.feet was $2.01. In October this price barely changed remaining at $1.93 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.97 to $1.88 per sq.feet. The price per sq.feet has had a considerable fall of 70 % 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 $1.93 to $1.35 during January, and February.
When referring to the price in Cold Lake (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,343. In October This price remains at $1,333. In the following two months the average price has hardly changed with regard to the previous two months from $1,338 to $1,359.5. 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 $1,348.75 to $1,212.5 in January and February.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,166 they are 23 % more affordable than the average price for Cold Lake . The properties with the highest average price have 4 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,483.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.07 / sq.feet, with an average $1.33 / sq.feet price in Cold Lake. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.2 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $1,166 it is 14 % more expensive than the average price in Cold Lake. "" is seen as the second most expensive property type. The most expensive property type is "" followed by "Apartment". At a price of $1,335 it is 18 % 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.