The rent prices in real estate in Duncan, 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 Duncan has had a strong fall during the last 6 months. In September, the average price per sq.feet was $4.11. In October this price barely changed remaining at $4.25 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 37 % 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 $4.01 to $1.49 during January, and February.
When referring to the price in Duncan (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $1,824. In October This price remains at $1,805. In the following two months the average price has hardly changed with regard to the previous two months from $1,814.5 to $1,783. During the last two months the average price has fallen greatly compared to the previous four going from $1,798.75 to $1,172.5, which means a 65 % fall.
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 $1,196 they are 20 % more affordable than the average price for Duncan . The properties with the highest average price have 3 bedrooms, Their price is 88 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,877.
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 $1.61 / sq.feet price in Duncan. The properties with the most expensive average prices have 2 bedrooms. They are 86 % more expensive than the average followed by properties with 1 bedroom with a price at $2.65 / sq.feet.
According to average price per property type in Duncan, "" priced at $951 is 20 % lower than the average price ($1,196) in this city.