The rent prices in real estate in Vernon, in the British Columbia 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 Vernon has had a strong fall during the last 6 months. In June, the average price per sq.feet was $2.68. In the following month the price per sq.feet fell considerably to $2. The price for the following two months in (August, September) fell 85 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $2.17 to $2.11 during October y November
When referring to the price in Vernon (cities), this has fallen in the last 6 months. The average price for June is $1,883. During July the price had a considerable fall till $1,598. During the following two months (August, September) the average price fell 94 % 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 increased 115 % 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 $1,939 they are 24 % more affordable than the average price for Vernon . The properties with the highest average price have 3 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,984.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.89 / sq.feet, with an average $2.22 / sq.feet price in Vernon. The properties with the most expensive average prices have 4 bedrooms. They are 52468 % more expensive than the average followed by properties with 1 bedroom with a price at $2.43 / sq.feet.
With regard to the average price based upon the property in Vernon we can see that the most affordable property type is "House" at a price of $1,667, they are 14 % cheaper than the average price of (!PRECIO2!). "House" has the most affordable price. This price is 14 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $1,167 / sq.feet. "House" at an average price of $1,167 / sq.feet has the highest price and would be directed at more affluent cities.