The rent prices in real estate in Lake Havasu City, 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 Lake Havasu City has had a strong fall during the last 6 months. In February, the average price per sq.feet was $4.11. In the following month the price per sq.feet rose to $4.5. The price for the following two months in (April, May) had a considerable fall of 28 with regard to the previous two months. The price per sq.feet has had a considerable fall of 42 % 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 $2.75 to $1.17 during June, and July.
When referring to the price in Lake Havasu City (cities), this has risen in the last 6 months. In our first sample month during February, the average price is $1,375. In March This price remains at $1,379. During the following two months (April, May) the price has had an average rise from $1,377 to $1,528. 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 $1,452.5 and $1,443 between June and July.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,419 they are 46 % more affordable than the average price for Lake Havasu City . The properties with the highest average price have 3 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,217.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.17 / sq.feet price in Lake Havasu City. The properties with the most expensive average prices have 1 bedroom. They are 64 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.12 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,419 it is 42 % more affordable than the average price in Lake Havasu City. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Townhouse". At a price of $1,190 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $2 / sq.feet followed by "Condo" priced at $3 / sq.feet. "Townhouse" is the most expensive type of property with a $27 / sq.feet value followed by "House" with an average price of $8 / sq.feet.