The rent prices in real estate in Sierra Vista, 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 Sierra Vista has had a strong fall during the last 6 months. In April, the average price per sq.feet was $5.83. In the following month the price per sq.feet rose to $6.43. The price for the following two months in (June, July) had a considerable rise of 119 %. The price per sq.feet has had a considerable fall of 12 % 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 $6.7 to $0.82 during August, and September.
When referring to the price in Sierra Vista (cities), this has risen in the last 6 months. In our first sample month during April, the average price is $821. In May This price remains at $843. In the following two months the average price has hardly changed with regard to the previous two months from $832 to $859.5. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $934 they are 28 % more affordable than the average price for Sierra Vista . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,108.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.69 / sq.feet, with an average $0.83 / sq.feet price in Sierra Vista. The properties with the most expensive average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.86 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $934 it is 26 % more affordable than the average price in Sierra Vista. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Detached House". At a price of $891 it is 17 % 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 $0.69 / sq.feet followed by "Apartment" priced at $1.09 / sq.feet. "Detached House" is the most expensive type of property with a $23 / sq.feet value followed by "Condo" with an average price of $6 / sq.feet.