The rent prices in real estate in Regina, in the Saskatchewan 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 Regina has had a strong fall during the last 6 months. In December, the average price per sq.feet was $311.1. In the following month the price per sq.feet fell considerably to $127.7. The price for the following two months in (February, March) had a considerable fall of 40 with regard to the previous two months. The price per sq.feet has had a considerable rise of 235 % 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 $153.24 to $359.49 during April, and May.
When referring to the price in Regina (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $1,172. In January This price remains at $1,124. During the following two months (February, March) the average price had a considerable fall of 47 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 143 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,165 they are 7 % more affordable than the average price for Regina . The properties with the highest average price have 4 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,394.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.13 / sq.feet, with an average $292.28 / sq.feet price in Regina. The properties with the most affordable average prices have 1 bedroom. They are 99 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.35 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,165 it is 6 % more affordable than the average price in Regina. "Apartment" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "House". At a price of $1,090 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.56 / sq.feet followed by "Apartment" priced at $125 / sq.feet. "Apartment" is the most affordable type of property with a $125 / sq.feet value followed by "House" with an average price of $1.56 / sq.feet.