The rent prices in real estate in Vernon, in the British Columbia 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 Vernon has fallen during the last 6 months. In September, the average price per sq.feet was $3.49. In the following month the price per sq.feet rose to $3.96. The price for the following two months in (November, December) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable fall of 69 % 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 $3.43 to $2.37 during January, and February.
When referring to the price in Vernon (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,946. In October This price remains at $2,018. In the following two months the average price has hardly changed with regard to the previous two months from $1,982 to $1,994. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 85 %, going from $1,988 to $1,696.5 in January and February.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most expensive ones. At a price of $1,500 they are 10 % more expensive than the average price for Vernon. Following this ranking we find those properties with 1 at an average price of $1,722. The properties with the highest average price have 3 bedrooms, Their price is 82 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,096.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $2.19 / sq.feet price in Vernon. The properties with the most expensive average prices have 4 bedrooms. They are 52731 % more expensive than the average followed by properties with 1 bedroom with a price at $3.72 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of $1,500 it is 9 % more expensive than the average price in Vernon. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Land". At a price of $1,637 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $1,137 / sq.feet followed by "House" priced at $1,157 / sq.feet. "House" is the most expensive type of property with a $1,157 / sq.feet value followed by "Land" with an average price of $1,137 / sq.feet.