The rent prices in real estate in Prince George, 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 Prince George has fallen during the last 6 months. In October, the average price per sq.feet was $2.97. In November this price barely changed remaining at $3.07 per sq.feet. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $2.9 to $2.53 during February, and March.
When referring to the price in Prince George (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,615. In November This price remains at $1,603. In the following two months the average price has hardly changed with regard to the previous two months from $1,609 to $1,596. 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 $1,602.5 and $1,623 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 $1,618 they are 32 % more affordable than the average price for Prince George . The properties with the highest average price have 3 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,719.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.87 / sq.feet, with an average $2.45 / sq.feet price in Prince George. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.27 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,618 it is 53 % more affordable than the average price in Prince George. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $1,223 it is 23 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $713 / sq.feet followed by "House" priced at $728 / sq.feet. "Condo" is the most expensive type of property with a $775 / sq.feet value followed by "House" with an average price of $728 / sq.feet.