The rent prices in real estate in Phoenix, 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 Phoenix has fallen during the last 6 months. In September, the average price per sq.feet was $30.54. In the following month the price per sq.feet fell considerably to . The price for the following two months in (November, December) had a considerable rise of 294 %. The price per sq.feet has had a considerable fall of 76 % 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 $30.05 to $22.82 during January, and February.
When referring to the price in Phoenix (cities), this has fallen considerably in the last 6 months. The average price for September is $1,066. During October the price had a considerable fall till . During the following two months (November, December) the average price had a considerable rise of 207 % 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 139 % 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 $1,178 they are 14 % more affordable than the average price for Phoenix . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,431.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.92 / sq.feet, with an average $1.3 / sq.feet price in Phoenix. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.18 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,178 it is 11 % more affordable than the average price in Phoenix. "Condo" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Apartment". At a price of $1,524 it is 46 % 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 $1.07 / sq.feet followed by "Apartment" priced at $1.1 / sq.feet. "Office" is the most expensive type of property with a $13.04 / sq.feet value followed by "Townhouse" with an average price of $10.28 / sq.feet.