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 December, the average price per sq.feet was $2.42. In the following month the price per sq.feet rose to $2.65. In the following two months the price per sq.feet has risen 110 %, going from $2.54 to $2.79 per sq.feet. The price per sq.feet has had a considerable rise of 122 % 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 $2.66 to $3.24 during April, and May.
When referring to the price in Kelowna (cities), this has fallen in the last 6 months. The average price for December is $2,554. During January the price had a slight fall till $2,413. In the following two months the average price has hardly changed with regard to the previous two months from $2,483.5 to $2,418. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $2,450.75 to $2,250.5 in April and May.
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 $2,237 they are 35 % more affordable than the average price for Kelowna . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,014.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $3.48 / sq.feet price in Kelowna. The properties with the most expensive average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.72 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $2,237 it is 21 % more affordable than the average price in Kelowna. "Land" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,553 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2 / sq.feet followed by "Apartment" priced at $971 / sq.feet. "Land" is the most expensive type of property with a $1,302 / sq.feet value followed by "Office" with an average price of $1,262 / sq.feet.