The rent prices in real estate in Kamloops, in the British Columbia region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Kamloops has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.96. In May this price barely changed remaining at $1.91 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.93 to $1.95 per sq.feet. The price per sq.feet has had a considerable rise of 1719 % 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 $1.94 to $33.4 during August, and September.
When referring to the price in Kamloops (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,384. In May This price remains at $1,439. In the following two months the average price has hardly changed with regard to the previous two months from $1,411.5 to $1,437. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,424.25 to $1,318 in August and September.
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 $1,262 they are 7 % more affordable than the average price for Kamloops . The properties with the highest average price have 2 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,457.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.86 / sq.feet, with an average $64.98 / sq.feet price in Kamloops. The properties with the most expensive average prices have 3 bedrooms. They are 48 % more expensive than the average followed by properties with 4 bedrooms with a price at $23 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,262 it is 2 % more affordable than the average price in Kamloops. "Condo" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Condo". At a price of $1,305 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "House" priced at $107 / sq.feet. "Apartment" is the most expensive type of property with a $556 / sq.feet value followed by "House" with an average price of $107 / sq.feet.