Property prices for rent in Penticton (British Columbia)
The rent prices in real estate in Penticton, in the British Columbia region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Penticton has fallen during the last 6 months. In October, the average price per sq.feet was $3.63. In November this price barely changed remaining at $3.47 per sq.feet. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $3.34 to $3.12 during February, and March.
When referring to the price in Penticton (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,700. In November This price remains at $1,686. In the following two months the average price has hardly changed with regard to the previous two months from $1,693 to $1,694. 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 $1,693.5 and $1,639 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,608 they are 9 % more affordable than the average price for Penticton . The properties with the highest average price have 3 bedrooms, Their price is 38 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,874.
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 $3.02 / sq.feet price in Penticton. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.72 / sq.feet.
According to average price per property type in Penticton, "" priced at $1,465 is 9 % lower than the average price ($1,608) in this city.
