Property prices for rent in Vernon (British Columbia)
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 October, the average price per sq.feet was $3.96. In the following month the price per sq.feet fell considerably to $3.08. The price for the following two months in (December, January) had a considerable fall of 81 with regard to the previous two months. The price per sq.feet has had a considerable fall of 61 % 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 $3.19 to $1.96 during February, and March.
When referring to the price in Vernon (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $2,018. In November This price remains at $1,984. In the following two months the average price has hardly changed with regard to the previous two months from $2,001 to $1,948.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,974.75 to $1,331.5, which means a 67 % fall.
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 $1,163 they are 42 % more expensive than the average price for Vernon. Following this ranking we find those properties with 1 at an average price of $1,672. The properties with the highest average price have 3 bedrooms, Their price is 131 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,035.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.73 / sq.feet price in Vernon. The properties with the most expensive average prices have 4 bedrooms. They are 66663 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.28 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of $1,163 it is 41 % 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 $1,635 it is 42 % 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 $1,135 / sq.feet followed by "House" priced at $1,155 / sq.feet. "House" is the most expensive type of property with a $1,155 / sq.feet value followed by "Land" with an average price of $1,135 / sq.feet.
