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 September, the average price per sq.feet was $1.68. In the following month the price per sq.feet rose considerably to $2. The price for the following two months in (November, December) had a considerable rise of 123 %. The price per sq.feet has risen 107 % 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 $2.05 to $2.19 during January, and February.
When referring to the price in Scottsdale (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is $2,138. During October the price went through a considerable rise reaching $2,536. During the following two months (November, December) the average price had a considerable rise of 149 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $2,909.25 to $2,608 in January and February.
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 $2,206 they are 29 % more affordable than the average price for Scottsdale . The properties with the highest average price have 4 bedrooms, Their price is 287 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,758.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.04 / sq.feet, with an average $2.09 / sq.feet price in Scottsdale. The properties with the most expensive average prices have 4 bedrooms. They are 46 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.11 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,206 it is 37 % more affordable than the average price in Scottsdale. "Detached House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Condo". At a price of $3,023 it is 42 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $2.3 / sq.feet followed by "House" priced at $26.9 / sq.feet. "Condo" is the most expensive type of property with a $200 / sq.feet value followed by "Townhouse" with an average price of $30.86 / sq.feet.