Property prices for rent in Cranbrook (British Columbia)

The price per sq.feet in Cranbrook has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3.23. In November this price barely changed remaining at $3.2 per sq.feet. The price for the following two months in (December, January) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 47 % 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 $3.03 to $1.42 during February, and March.

When referring to the price in Cranbrook (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $2,118. In November This price remains at $2,135. In the following two months the average price has hardly changed with regard to the previous two months from $2,126.5 to $2,214. During the last two months the average price has fallen greatly compared to the previous four going from $2,170.25 to $932.5, which means a 43 % 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 $766 they are 68 % more expensive than the average price for Cranbrook. Following this ranking we find those properties with 1 at an average price of $1,539. The properties with the highest average price have 3 bedrooms, Their price is 202 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,993.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.3 / sq.feet price in Cranbrook. The properties with the most expensive average prices have 4 bedrooms. They are 68900 % more expensive than the average followed by properties with 1 bedroom with a price at $3 / sq.feet.

The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of $766 it is 65 % 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 $1,264 it is 66 % 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 $887 / sq.feet followed by "House" priced at $892 / sq.feet. "House" is the most expensive type of property with a $892 / sq.feet value followed by "Land" with an average price of $887 / sq.feet.