The rent prices in real estate in Westbank, 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 Westbank has fallen during the last 6 months. In September, the average price per sq.feet was $4.46. In October this price barely changed remaining at $4.25 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $4.36 to $4.37 per sq.feet. The price per sq.feet has fallen 92 % 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 $4.36 to $4 during January, and February.
When referring to the price in Westbank (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $2,177. In October This price remains at $2,095. In the following two months the average price has hardly changed with regard to the previous two months from $2,136 to $2,134. 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 $2,135 and $2,092 between January and February.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,092 they are 33 % more affordable than the average price for Westbank . 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 $2,327.
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 $4 / sq.feet price in Westbank. The properties with the most affordable average prices have 1 bedroom. They are 0 % more affordable than the average followed by properties with 2 bedrooms with a price at $3 / sq.feet.
According to average price per property type in Westbank, "" priced at $1,412 is 33 % lower than the average price ($2,092) in this city.