The rent prices in real estate in Parksville, 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 Parksville has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3.99. In the following month the price per sq.feet fell considerably to $3.1. The price for the following two months in (December, January) had a considerable fall of 85 with regard to the previous two months. 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 $3.27 to $3.02 during February, and March.
When referring to the price in Parksville (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $2,026. In November This price remains at $2,124. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from $2,009.5 to $1,777 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,736 they are 10 % more expensive than the average price for Parksville. Following this ranking we find those properties with 2 at an average price of $1,934. Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 48 % more expensive than the average aforementioned.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $3.08 / sq.feet price in Parksville. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 41 % more expensive than the average value aforementioned.