The rent prices in real estate in Avondale, in the Arizona 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 Avondale has had a strong fall during the last 6 months. In May, the average price per sq.feet was $6.1. In the following month the price per sq.feet rose considerably to $8.01. The price for the following two months in (July, August) had a considerable fall of 65 with regard to the previous two months. The price per sq.feet has had a considerable fall of 19 % 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 $5.82 to $1.1 during September, and October.
When referring to the price in Avondale (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $1,329. In June This price remains at $1,275. In the following two months the average price has hardly changed with regard to the previous two months from $1,302 to $1,304.5. 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 $1,303.25 and $1,292.5 between September and October.
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 $1,272 they are 20 % more affordable than the average price for Avondale . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,460.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.78 / sq.feet, with an average $1.11 / sq.feet price in Avondale. The properties with the most expensive average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.15 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,272 it is 18 % more affordable than the average price in Avondale. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,248 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.86 / sq.feet followed by "Apartment" priced at $1.24 / sq.feet. "Duplex" is the most expensive type of property with a $35 / sq.feet value followed by "Condo" with an average price of $8 / sq.feet.