Property prices for rent in Prince Edward Island region
The average rent price in the Prince Edward Island region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Prince Edward Island has risen considerably in the last 6 months. During November, the average price per sq.feet was $2.52. In December the price barely changed remaining at $2.63 per sq.feet. In the following two months (January, February) the rent price per sq.feet has increased notably to a 156 %. In the last two months, the price per sq.feet has had a significant fall of 75 %. This has been obtained by comparing the price of $3.3 for the first four months of the sample with regard to the previous 4 months and the price of $2.48 per sq.feet for the last two months (March, April).
When referring to the price in Prince Edward Island(region), this has risen considerably in the last 6 months. The average rent price in November is $1,230. In December the price rose to $1,334. The price in the following months (January, February) had a strong rise of 163 % going from $1,282 to $2,095.5. During the last two months the average price has not gone through any changes and has gone from $1,688.75 to $1,656.5 during March and April.
The graph displaying the the average rent price per number of bedrooms shows that those with 4 bedrooms are the most affordable ones. They are 19 % cheaper than the average price in Prince Edward Island followed by those with 2 with an average price of $1,408. The most expensive properties have 3 bedrooms. They are 63 % more expensive than the average followed by those properties with 1 bedroom priced at $1,454.
Based on the average price per sq.feet those properties with 2 bedrooms are the most expensive ones with a price of $1.95 / sq.feet being $1.66 / sq.feet the average for Prince Edward Island. The properties with the highest average price are those with 1 bedroom. These are 94 % more expensive than the average followed by those with 3 bedrooms with a price of $2.09 / sq.feet.
Based upon the average price of $1,185 per property type in Prince Edward Island, "" is 19 % more affordable than the average property price($1,472) in this region.
