The rent prices in real estate in Sedona, 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 Sedona has had a strong fall during the last 6 months. In October, the average price per sq.feet was $163.19. In November this price barely changed remaining at $163.54 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 2 % 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 $122.93 to $2.11 during February, and March.
When referring to the price in Sedona (cities), this has fallen considerably in the last 6 months. The average price for October is $5,498. During November the price had a considerable fall till $4,089. During the following two months (December, January) the average price had a considerable fall of 74 % 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 94 %, going from $4,174 to $3,907.5 in February and March.
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 $3,739 they are 57 % more affordable than the average price for Sedona . The properties with the highest average price have 4 bedrooms, Their price is 120 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,165.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.97 / sq.feet, with an average $2.09 / sq.feet price in Sedona. The properties with the most expensive average prices have 1 bedroom. They are 2097 % more expensive than the average followed by properties with 4 bedrooms with a price at $2.5 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,739 it is 57 % more affordable than the average price in Sedona. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "House". At a price of $2,570 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.09 / sq.feet followed by "House" priced at $11.33 / sq.feet. "Townhouse" is the most expensive type of property with a $51 / sq.feet value followed by "Commercial" with an average price of $41 / sq.feet.