The rent prices in real estate in Cave Creek, 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 Cave Creek has had a strong fall during the last 6 months. In July, the average price per sq.feet was $17.71. In the following month the price per sq.feet fell considerably to $1.47. The price for the following two months in (September, October) had a considerable fall of 16 with regard to the previous two months. The price per sq.feet has had a considerable fall of 36 % 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 $5.59 to $2 during November, and December.
When referring to the price in Cave Creek (cities), this has risen considerably in the last 6 months. The average price for July is $2,942. During August the price had a slight fall till $2,583. During the following two months (September, October) the price has had an average rise from $2,762.5 to $3,020. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 147 % during the last two months.
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 $4,984 they are 40 % more affordable than the average price for Cave Creek . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,923.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.94 / sq.feet, with an average $2.22 / sq.feet price in Cave Creek. The properties with the most expensive average prices have 1 bedroom. They are 1852 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.42 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $4,984 it is 56 % more affordable than the average price in Cave Creek. "" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "House". At a price of $2,700 it is 28 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.99 / sq.feet followed by "Condo" priced at $2.3 / sq.feet. "Townhouse" is the most expensive type of property with a $94 / sq.feet value followed by "Apartment" with an average price of $51.28 / sq.feet.