The rent prices in real estate in Nelson, in the British Columbia region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Nelson has risen during the last 6 months. In September, the average price per sq.feet was $601. In October this price barely changed remaining at $601 per sq.feet. The price for the following two months in (November, December) had a considerable rise of 117 %. The price per sq.feet has fallen 92 % 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 $651.5 to $600 during January, and February.
When referring to the price in Nelson (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,344. In October This price remains at $1,344. In the following two months the average price has hardly changed with regard to the previous two months from $1,344 to $1,306.5. 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 $1,325.25 and $1,342 between January and February.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of $1,342 they are 7 % more expensive than the average price for Nelson. Following this ranking we find those properties with 1 at an average price of $1,447. The properties with the highest average price have 1 bedroom, Their price is 8 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,437.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $755 / sq.feet, with an average $600 / sq.feet price in Nelson. The properties with the most expensive average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $755 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,342 it is 1 % more affordable than the average price in Nelson. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Land". At a price of $1,437 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $618 / sq.feet followed by "Apartment" priced at $745 / sq.feet. "Land" is the most expensive type of property with a $755 / sq.feet value followed by "Apartment" with an average price of $745 / sq.feet.