The rent prices in real estate in Kamloops, in the British Columbia region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Kamloops has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.67. In November this price barely changed remaining at $2.75 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 140 %. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $3.25 to $3.29 during February y March
When referring to the price in Kamloops (cities), this has risen considerably in the last 6 months. The average price for October is $1,557. During November the price had a slight fall till $1,479. During the following two months (December, January) the average price had a considerable rise of 132 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % during the last two months.
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 $2,045 they are 10 % more affordable than the average price for Kamloops . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,240.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.76 / sq.feet, with an average $3.24 / sq.feet price in Kamloops. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.86 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,045 it is 30 % more affordable than the average price in Kamloops. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,997 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $3.36 / sq.feet followed by "Condo" priced at $5.23 / sq.feet. "Land" is the most expensive type of property with a $534 / sq.feet value followed by "Condo" with an average price of $5.23 / sq.feet.