The rent prices in real estate in West Kelowna, 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 West Kelowna has had a strong fall during the last 6 months. In February, the average price per sq.feet was $2.26. In the following month the price per sq.feet fell considerably to . The price for the following two months in (April, May) had a considerable rise of 176 %. The price per sq.feet has had a considerable rise of 123 % 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 $1.56 to $1.92 during June, and July.
When referring to the price in West Kelowna (cities), this has fallen considerably in the last 6 months. The average price for February is $1,754. During March the price had a considerable fall till . During the following two months (April, May) the average price had a considerable rise of 225 % 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 had a strong increase of 118 % 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 $1,786 they are 24 % more affordable than the average price for West Kelowna . The properties with the highest average price have 3 bedrooms, Their price is 4 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,561.
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 $1.94 / sq.feet price in West Kelowna. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.79 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,786 it is 15 % more affordable than the average price in West Kelowna. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,522 it is 4 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.