Property prices for rent in Kelowna (British Columbia)
The rent prices in real estate in Kelowna, 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 Kelowna has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.77. In the following month the price per sq.feet rose considerably to $4.19. In the following two months the price per sq.feet has practically remained the same, going from $3.48 to $3.32 per sq.feet. The price per sq.feet has had a considerable rise of 186 % 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 $3.4 to $6.34 during March, and April.
When referring to the price in Kelowna (cities), this has risen in the last 6 months. The average price during our first sample month during November, is $1,790. During December the price went through a considerable rise reaching $2,162. During the following two months (January, February) the price has had an average rise from $1,976 to $2,090.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $2,033.25 to $1,917.5 in March and April.
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 $2,021 they are 9 % more affordable than the average price for Kelowna . The properties with the highest average price have 4 bedrooms, Their price is 122 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,947.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $4.09 / sq.feet, with an average $6.74 / sq.feet price in Kelowna. The properties with the most expensive average prices have 4 bedrooms. They are 96 % more expensive than the average followed by properties with 1 bedroom with a price at $6.67 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $2,021 it is 14 % more affordable than the average price in Kelowna. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,210 it is 18 % 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 $4.28 / sq.feet followed by "House" priced at $7.14 / sq.feet. "Townhouse" is the most expensive type of property with a $1,300 / sq.feet value followed by "Office" with an average price of $1,240 / sq.feet.
