Property prices for rent in Redwater (Alberta)
The rent prices in real estate in Redwater, in the Alberta 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 Redwater has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.78. In the following month the price per sq.feet rose to $1.99. The price for the following two months in (December, January) had a considerable fall of 78 with regard to the previous two months. The price per sq.feet has had a considerable fall of 30 % 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 $1.67 to $0.5 during February, and March.
When referring to the price in Redwater (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is $1,034. During November the price went through a considerable rise reaching $1,191. In the following two months the average price has hardly changed with regard to the previous two months from $1,112.5 to $1,081. During the last two months the average price has fallen greatly compared to the previous four going from $1,096.75 to $497, which means a 45 % fall.
