Property prices for rent in Cold Lake (Alberta)
The rent prices in real estate in Cold Lake, in the Alberta 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 Cold Lake has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.93. In November this price barely changed remaining at $1.88 per sq.feet. The price for the following two months in (December, January) fell 85 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 74 % 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 $1.76 to $1.31 during February, and March.
When referring to the price in Cold Lake (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,333. In November This price remains at $1,343. In the following two months the average price has hardly changed with regard to the previous two months from $1,338 to $1,317.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,327.75 to $1,220.5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,275 they are 21 % more affordable than the average price for Cold Lake . The properties with the highest average price have 4 bedrooms, Their price is 33 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,625.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.2 / sq.feet, with an average $1.29 / sq.feet price in Cold Lake. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.31 / sq.feet.
According to average price per property type in Cold Lake, "" priced at $1,333 is 5 % more expensive than the average price ($1,275) in this city.
