The rent prices in real estate in Prescott, 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 Prescott has had a strong fall during the last 6 months. In November, the average price per sq.feet was $29.03. In the following month the price per sq.feet rose considerably to $44.68. The price for the following two months in (January, February) had a considerable fall of 74 with regard to the previous two months. The price per sq.feet has had a considerable fall of 7 % 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 $32.11 to $2.34 during March, and April.
When referring to the price in Prescott (cities), this has fallen in the last 6 months. The average price for November is $1,588. During December the price had a slight fall till $1,443. During the following two months (January, February) the average price fell 92 % 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 increased 109 % 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 $1,484 they are 36 % more affordable than the average price for Prescott . The properties with the highest average price have 4 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,883.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.82 / sq.feet, with an average $3.56 / sq.feet price in Prescott. The properties with the most affordable average prices have 1 bedroom. They are 51 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.13 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,484 it is 35 % more affordable than the average price in Prescott. "Land" is seen as the second most affordable property type. The most expensive property type is "" followed by "Land". At a price of $1,395 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.35 / sq.feet followed by "Land" priced at $51 / sq.feet. "Land" is the most expensive type of property with a $51 / sq.feet value followed by "House" with an average price of $1.35 / sq.feet.