The rent prices in real estate in Vancouver, in the Washington region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Vancouver has risen during the last 6 months. In February, the average price per sq.feet was $1.33. In the following month the price per sq.feet rose to $1.47. In the following two months the price per sq.feet has practically remained the same, going from $1.4 to $1.45 per sq.feet. The price per sq.feet has risen 109 % 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 $1.42 to $1.54 during June, and July.
When referring to the price in Vancouver (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,506. In March This price remains at $1,475. During the following two months (April, May) the price has had an average rise from $1,490.5 to $1,572.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,531.5 and $1,529 between June and July.
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 $1,576 they are 9 % more affordable than the average price for Vancouver . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,825.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.13 / sq.feet, with an average $1.57 / sq.feet price in Vancouver. The properties with the most expensive average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.52 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,576 it is 8 % more affordable than the average price in Vancouver. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $1,647 it is 20 % 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 $1.33 / sq.feet followed by "Land" priced at $1.51 / sq.feet. "Townhouse" is the most expensive type of property with a $53 / sq.feet value followed by "House" with an average price of $1.65 / sq.feet.