The rent prices in real estate in Steinbach, in the Manitoba 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 Steinbach has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.88. In the following month the price per sq.feet fell to $1.77. The price for the following two months in (January, February) fell 90 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 64 % 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 $1.74 to $1.11 during March, and April.
When referring to the price in Steinbach (cities), this has risen considerably in the last 6 months. In our first sample month during November, the average price is $1,197. In December This price remains at $1,221. During the following two months (January, February) the price has had an average rise from $1,209 to $1,367. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,646 they are 43 % more affordable than the average price for Steinbach . The properties with the lowest average price have 2 bedrooms, Their price is 22 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,284.
According to average price per property type in Steinbach, "" priced at $1,119 is 32 % lower than the average price ($1,646) in this city.