The rent prices in real estate in Scottsdale, in the Arizona region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Scottsdale has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.67. In the following month the price per sq.feet fell to $1.52. The price for the following two months in (June, July) had a considerable rise of 445 %. The price per sq.feet has had a considerable rise of 136 % 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 $4.34 to $5.93 during August, and September.
When referring to the price in Scottsdale (cities), this has fallen in the last 6 months. The average price for April is $2,082. During May the price had a slight fall till $1,827. In the following two months the average price has hardly changed with regard to the previous two months from $1,954.5 to $2,014.5. 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 $1,984.5 and $1,920 between August and September.
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 $2,138 they are 25 % more affordable than the average price for Scottsdale . The properties with the highest average price have 4 bedrooms, Their price is 187 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,502.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.62 / sq.feet, with an average $1.68 / sq.feet price in Scottsdale. The properties with the most expensive average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 4 bedrooms with a price at $2.03 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,138 it is 35 % more affordable than the average price in Scottsdale. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $2,412 it is 33 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $1.77 / sq.feet followed by "Land" priced at $1.84 / sq.feet. "Apartment" is the most expensive type of property with a $141.74 / sq.feet value followed by "Duplex" with an average price of $28 / sq.feet.