Property prices for rent in Kelowna (British Columbia)
The rent prices in real estate in Kelowna, 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 Kelowna has risen strongly during the last 6 months. In October, the average price per sq.feet was $3.17. In the following month the price per sq.feet fell to $2.77. The price for the following two months in (December, January) had a considerable rise of 127 %. The price per sq.feet has had a considerable rise of 137 % 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 $3.37 to $4.61 during February, and March.
When referring to the price in Kelowna (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $1,756. In November This price remains at $1,790. During the following two months (December, January) the average price had a considerable rise of 122 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,965 and $1,921.5 between February and March.
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 $1,814 they are 1 % more affordable than the average price for Kelowna . The properties with the highest average price have 4 bedrooms, Their price is 170 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,308.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.63 / sq.feet, with an average $5.93 / sq.feet price in Kelowna. The properties with the most expensive average prices have 2 bedrooms. They are 25 % more expensive than the average followed by properties with 1 bedroom with a price at $5.71 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,814 it is 4 % more affordable than the average price in Kelowna. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,989 it is 31 % 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 $4.13 / sq.feet followed by "House" priced at $6.7 / sq.feet. "Townhouse" is the most expensive type of property with a $1,302 / sq.feet value followed by "Office" with an average price of $1,242 / sq.feet.
