The rent prices in real estate in Cave Creek, in the Arizona region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Cave Creek has fallen during the last 6 months. In January, the average price per sq.feet was $2.14. In the following month the price per sq.feet rose to $2.25. The price for the following two months in (March, April) fell 90 % with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $2.09 to $1.9 during May, and June.
When referring to the price in Cave Creek (cities), this has fallen considerably in the last 6 months. The average price for January is $4,635. During February the price had a slight fall till $4,299. During the following two months (March, April) the average price fell 90 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $4,252.5 to $3,123.5, which means a 73 % fall.
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 $3,393 they are 54 % more affordable than the average price for Cave Creek . The properties with the highest average price have 4 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,969.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.68 / sq.feet, with an average $1.94 / sq.feet price in Cave Creek. The properties with the most expensive average prices have 3 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $2.05 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $3,393 it is 38 % more affordable than the average price in Cave Creek. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $2,675 it is 16 % 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 $1.75 / sq.feet followed by "Land" priced at $23 / sq.feet. "Townhouse" is the most expensive type of property with a $88 / sq.feet value followed by "Land" with an average price of $23 / sq.feet.