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 October, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $40.8. The price for the following two months in (December, January) had a considerable rise of 300 %. The price per sq.feet has had a considerable fall of 44 % 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 $40.83 to $18.09 during February, and March.
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 October, is . During November the price went through a considerable rise reaching $1,469. During the following two months (December, January) the average price had a considerable rise of 229 % 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 146 % 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 $1,952 they are 4 % more affordable than the average price for Scottsdale . The properties with the highest average price have 4 bedrooms, Their price is 65 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,651.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $21.45 / sq.feet, with an average $34.11 / sq.feet price in Scottsdale. The properties with the most expensive average prices have 4 bedrooms. They are 76 % more expensive than the average followed by properties with 3 bedrooms with a price at $56.14 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,952 it is 17 % 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 $2,587 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $8.65 / sq.feet followed by "House" priced at $30.04 / sq.feet. "Condo" is the most expensive type of property with a $174.71 / sq.feet value followed by "Duplex" with an average price of $61 / sq.feet.