The rent prices in real estate in Langley, 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 Langley has had a strong fall during the last 6 months. In October, the average price per sq.feet was $4.53. In November this price barely changed remaining at $4.54 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 81 with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 $4.1 to $3.27 during February, and March.
When referring to the price in Langley (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $2,096. In November This price remains at $2,113. During the following two months (December, January) the price has had an average rise from $2,104.5 to $2,242. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
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 $2,397 they are 7 % more affordable than the average price for Langley . The properties with the highest average price have 4 bedrooms, Their price is 101 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,904.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.74 / sq.feet, with an average $3.32 / sq.feet price in Langley. The properties with the most expensive average prices have 4 bedrooms. They are 243 % more expensive than the average followed by properties with 1 bedroom with a price at $4.28 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,397 it is 22 % more affordable than the average price in Langley. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $2,375 it is 6 % 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 $1.24 / sq.feet followed by "House" priced at $3.78 / sq.feet. "House" is the most expensive type of property with a $3.78 / sq.feet value followed by "Condo" with an average price of $1.24 / sq.feet.