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 June, the average price per sq.feet was $1.9. In July this price barely changed remaining at $1.94 per sq.feet. The price for the following two months in (August, September) had a considerable fall of 59 with regard to the previous two months. 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 $1.53 to $1.88 during October, and November.
When referring to the price in West Kelowna (cities), this has fallen in the last 6 months. The rent price in June is $1,574, rising in July till $1,786. During the following two months (August, September) the average price had a considerable fall of 77 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,486.5 and $1,533 between October and November.
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 $1,564 they are 10 % more affordable than the average price for West Kelowna . The properties with the highest average price have 2 bedrooms, Their price is 3 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,524.
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 $1.96 / sq.feet price in West Kelowna. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.85 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,564 it is 3 % more affordable than the average price in West Kelowna. "" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $1,524 it is 2 % more affordable 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.