The rent prices in real estate in Lethbridge, in the Alberta 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 Lethbridge has risen strongly during the last 6 months. In November, the average price per sq.feet was $3.7. In the following month the price per sq.feet fell considerably to $2.75. The price for the following two months in (January, February) had a considerable rise of 181 %. The price per sq.feet has had a considerable rise of 145 % 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 $4.52 to $6.55 during March, and April.
When referring to the price in Lethbridge (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $1,321. In December This price remains at $1,347. In the following two months the average price has hardly changed with regard to the previous two months from $1,334 to $1,372. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $1,441 they are 10 % more affordable than the average price for Lethbridge . The properties with the highest average price have 4 bedrooms, Their price is 54 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,676.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $5.59 / sq.feet price in Lethbridge. The properties with the most expensive average prices have 1 bedroom. They are 71 % more expensive than the average followed by properties with 3 bedrooms with a price at $9.09 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,441 it is 37 % more affordable than the average price in Lethbridge. "Townhouse" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,305 it is 6 % more affordable 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 $2 / sq.feet. "Land" is the most expensive type of property with a $928 / sq.feet value followed by "Townhouse" with an average price of $715 / sq.feet.