The prices in real estate in Bisbee, in the Arizona region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Bisbee has increased strongly during the last 6 months. In February, the average price per sq.feet was $142. In the following month the price per sq.feet decreased to $130. The price for the following two months in (April, May) had a considerable increment of 214 %. The price per sq.feet has had a considerable increase of 116 % 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 $213.25 to $247 during June, and July.
Based upon to the price in Bisbee (cities), this has gone up considerably in the last 6 months. The average price for February is $155,880. During March the price had a slight fall till $143,140. During the following two months (April, May) the average price had a considerable increase of 307 % 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 risen strongly 146 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $223,826 they are 35 % more affordable than the average price for Bisbee. The properties with the highest average price have 3 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 2 bedrooms priced at $234,241.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $99 / sq.feet, with an average $142 / sq.feet price in Bisbee. The properties with the highest average prices have 2 bedrooms. They are 6 % more expensive than the average followed by properties with 1 bedroom with a price at $144 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $223,826 it is 52 % cheaper than the average price in Bisbee. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $175,320 it is 168 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $112 / sq.feet followed by "House" priced at $117 / sq.feet. "Commercial" is the most costly type of property with a $1,278 / sq.feet cost followed by "House" with an average price of $117 / sq.feet.