The prices in real estate in Apache Junction, in the Arizona region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Apache Junction has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $182. In the following month the price per sq.feet decreased considerably to $131. The price for the following two months in (April, May) had a considerable decrease of 49 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $116.75 to $95.5 during June, and July.
Based upon to the price in Apache Junction (cities), this has fallen considerably in the last 6 months. The average price for February is $199,712. During March the price had a slight fall till $184,074. During the following two months (April, May) the average price had a considerable reduction of 57 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $150,852.5 and $158,302.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $140,295 they are 86 % more affordable than the average price for Apache Junction. The properties with the highest average price have 4 bedrooms, Their price is 181 % more costly than the average. After that we have properties with 3 bedrooms priced at $333,468.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $44 / sq.feet, with an average $89 / sq.feet price in Apache Junction. The properties with the highest average prices have 3 bedrooms. They are 72 % more expensive than the average followed by properties with 4 bedrooms with a price at $150 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $140,295 it is 30 % cheaper than the average price in Apache Junction. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $307,225 it is 240 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Duplex" at an average cost of $137 / sq.feet followed by "House" priced at $171 / sq.feet. "Commercial" is the most costly type of property with a $2,444 / sq.feet cost followed by "Condo" with an average price of $780 / sq.feet.