The rent prices in real estate in Sherwood Park, in the Alberta 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 Sherwood Park has fallen during the last 6 months. In October, the average price per sq.feet was $2.72. In November this price barely changed remaining at $2.84 per sq.feet. The price for the following two months in (December, January) fell 90 % with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $2.64 to $2.4 during February, and March.
When referring to the price in Sherwood Park (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $1,560. In November This price remains at $1,611. In the following two months the average price has hardly changed with regard to the previous two months from $1,585.5 to $1,612.5. Based on an analysis of the first four prices and the last two months the average price has increased 110 % 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 $1,817 they are 29 % more affordable than the average price for Sherwood Park . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,210.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.41 / sq.feet, with an average $2.43 / sq.feet price in Sherwood Park. The properties with the most expensive average prices have 3 bedrooms. They are 142 % more expensive than the average followed by properties with 1 bedroom with a price at $2.66 / sq.feet.
According to average price per property type in Sherwood Park, "" priced at $1,557 is 14 % lower than the average price ($1,817) in this city.