The rent prices in real estate in Paradise Valley, 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 Paradise Valley has barely changed in the last 6 months. In May, the average price per sq.feet was $1.7. In the following month the price per sq.feet fell considerably to $1.38. In the following two months the price per sq.feet has practically remained the same, going from $1.54 to $1.59 per sq.feet. The price per sq.feet has had a considerable rise of 139 % 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 $1.56 to $2.17 during September, and October.
When referring to the price in Paradise Valley (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during May, is $11,956. During June the price went through a considerable rise reaching $14,133. During the following two months (July, August) the average price had a considerable fall of 36 % 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 $8,867.25 to $5,547, which means a 63 % 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 $5,997 they are 73 % more affordable than the average price for Paradise Valley . The properties with the highest average price have 4 bedrooms, Their price is 185 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,213.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.95 / sq.feet, with an average $2.36 / sq.feet price in Paradise Valley. The properties with the most expensive average prices have 4 bedrooms. They are 34 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.22 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $5,997 it is 70 % more affordable than the average price in Paradise Valley. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Apartment". At a price of $3,127 it is 267 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.97 / sq.feet followed by "House" priced at $2.08 / sq.feet. "Townhouse" is the most expensive type of property with a $645 / sq.feet value followed by "Apartment" with an average price of $32 / sq.feet.