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 May, the average price per sq.feet was $6.2. In the following month the price per sq.feet fell considerably to $4.25. The price for the following two months in (July, August) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable fall of 26 % 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 $4.82 to $1.27 during September, and October.
When referring to the price in Sedona (cities), this has risen in the last 6 months. The average price during our first sample month during May, is $1,855. During June the price went through a considerable rise reaching $2,226. In the following two months the average price has hardly changed with regard to the previous two months from $2,040.5 to $1,971.5. 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 $2,006 and $2,096 between September and October.
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 $2,112 they are 60 % more affordable than the average price for Sedona . The properties with the highest average price have 4 bedrooms, Their price is 78 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,356.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.06 / sq.feet, with an average $1.23 / sq.feet price in Sedona. The properties with the most expensive average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.17 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,112 it is 41 % more affordable than the average price in Sedona. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of $1,725 it is 7 % 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 $1.23 / sq.feet followed by "Condo" priced at $1.55 / sq.feet. "Commercial" is the most expensive type of property with a $58 / sq.feet value followed by "Condo" with an average price of $1.55 / sq.feet.