Property prices for rent in Lacombe (Alberta)
The rent prices in real estate in Lacombe, in the Alberta 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 Lacombe has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.17. In November this price barely changed remaining at $2.24 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 57 with regard to the previous two months. The price per sq.feet has had a considerable fall of 57 % 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 $1.73 to $0.99 during February, and March.
When referring to the price in Lacombe (cities), this has fallen in the last 6 months. The rent price in October is $1,276, rising in November till $1,341. During the following two months (December, January) the price has had an average rise from $1,308.5 to $1,490.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,399.5 to $827.5, which means a 59 % fall.
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 $1,020 they are 14 % more affordable than the average price for Lacombe . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 46 % more expensive than the average aforementioned.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.36 / sq.feet price in Lacombe. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 47 % more expensive than the average value aforementioned.
