The rent prices in real estate in Chilliwack, 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 Chilliwack has had a strong fall during the last 6 months. In September, the average price per sq.feet was $2.66. In the following month the price per sq.feet rose to $2.99. The price for the following two months in (November, December) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has had a considerable fall of 62 % 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 $2.61 to $1.63 during January, and February.
When referring to the price in Chilliwack (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $1,800. In October This price remains at $1,747. During the following two months (November, December) the average price fell 86 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,645.5 to $1,176, which means a 71 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,207 they are 24 % more expensive than the average price for Chilliwack. Following this ranking we find those properties with 2 at an average price of $1,887. The properties with the highest average price have 4 bedrooms, Their price is 205 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,318.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.49 / sq.feet, with an average $1.64 / sq.feet price in Chilliwack. The properties with the most expensive average prices have 1 bedroom. They are 98 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.41 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,207 it is 92 % more affordable than the average price in Chilliwack. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,728 it is 71 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.04 / sq.feet followed by "House" priced at $2.62 / sq.feet. "House" is the most expensive type of property with a $2.62 / sq.feet value followed by "Condo" with an average price of $0.04 / sq.feet.