The rent prices in real estate in Cranbrook, in the British Columbia 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 Cranbrook has fallen during the last 6 months. In September, the average price per sq.feet was $3.2. In October this price barely changed remaining at $3.23 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $3.21 to $3.27 per sq.feet. The price per sq.feet has had a considerable fall of 60 % 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 $3.24 to $1.95 during January, and February.
When referring to the price in Cranbrook (cities), this has fallen in the last 6 months. In our first sample month during September, the average price is $2,102. In October This price remains at $2,118. In the following two months the average price has hardly changed with regard to the previous two months from $2,110 to $2,132.5. During the last two months the average price has fallen greatly compared to the previous four going from $2,121.25 to $1,698.5, which means a 80 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most expensive ones. At a price of $1,099 they are 17 % more expensive than the average price for Cranbrook. Following this ranking we find those properties with 1 at an average price of $1,541. The properties with the highest average price have 3 bedrooms, Their price is 111 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,995.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $2 / sq.feet, with an average $1.54 / sq.feet price in Cranbrook. The properties with the most expensive average prices have 4 bedrooms. They are 58212 % more expensive than the average followed by properties with 1 bedroom with a price at $4 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of $1,099 it is 15 % more expensive than the average price in Cranbrook. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Land". At a price of $1,266 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $888 / sq.feet followed by "House" priced at $893 / sq.feet. "House" is the most expensive type of property with a $893 / sq.feet value followed by "Land" with an average price of $888 / sq.feet.