The rent prices in real estate in Cave Creek, in the Arizona region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Cave Creek has barely changed in the last 6 months. In March, the average price per sq.feet was $2.56. In April this price barely changed remaining at $2.63 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.6 to $2.47 per sq.feet. The price per sq.feet has fallen 93 % 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 $2.53 to $2.35 during July, and August.
When referring to the price in Cave Creek (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $6,056. In April This price remains at $6,195. During the following two months (May, June) the average price had a considerable fall of 82 % 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 $5,569.75 to $4,493, which means a 81 % 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 $4,780 they are 61 % more affordable than the average price for Cave Creek . The properties with the highest average price have 4 bedrooms, Their price is 38 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,364.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.41 / sq.feet, with an average $2.77 / 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 2 bedrooms with a price at $2.93 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $4,780 it is 51 % more affordable than the average price in Cave Creek. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $4,978 it is 102 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.5 / sq.feet followed by "House" priced at $2.98 / sq.feet. "Townhouse" is the most expensive type of property with a $67 / sq.feet value followed by "Detached House" with an average price of $3.43 / sq.feet.