The rent prices in real estate in St. Albert, 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 St. Albert has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.41. In November this price barely changed remaining at $2.35 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable fall of 73 % 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 $2.19 to $1.6 during February, and March.
When referring to the price in St. Albert (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,415. In November This price remains at $1,432. During the following two months (December, January) the price has had an average rise from $1,423.5 to $1,531. 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 $1,477.25 and $1,435.5 between February and March.
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 $1,462 they are 51 % more affordable than the average price for St. Albert . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,904.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.54 / sq.feet price in St. Albert. The properties with the most expensive average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.63 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,462 it is 4 % more affordable than the average price in St. Albert. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,623 it is 34 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $2 / sq.feet. "House" at an average price of $2 / sq.feet has the highest price and would be directed at more affluent cities.