The rent prices in real estate in Paradise Valley, 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 Paradise Valley has fallen during the last 6 months. In October, the average price per sq.feet was $1.89. In the following month the price per sq.feet rose to $2.02. The price for the following two months in (December, January) fell 95 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 83 % 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 $1.9 to $1.58 during February, and March.
When referring to the price in Paradise Valley (cities), this has risen in the last 6 months. The average price for October is $2,357. During November the price had a considerable fall till $1,791. During the following two months (December, January) the average price had a considerable rise of 124 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 132 % during the last two months.
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 $2,929 they are 47 % more affordable than the average price for Paradise Valley . The properties with the highest average price have 4 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,151.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.22 / sq.feet, with an average $1.51 / sq.feet price in Paradise Valley. The properties with the most expensive average prices have 2 bedrooms. They are 32 % more expensive than the average followed by properties with 1 bedroom with a price at $1.84 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,929 it is 43 % more affordable than the average price in Paradise Valley. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Townhouse". At a price of $3,135 it is 115 % 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 $1.21 / sq.feet followed by "Condo" priced at $1.37 / sq.feet. "Townhouse" is the most expensive type of property with a $34 / sq.feet value followed by "House" with an average price of $1.92 / sq.feet.