The prices in real estate in Cave Creek, 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 Cave Creek has increased strongly during the last 6 months. In November, the average price per sq.feet was $199. In the following month the price per sq.feet increased considerably to $268. The price for the following two months in (January, February) had a considerable increment of 206 %. The price per sq.feet has had a considerable deflation of 67 % 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 $357.75 to $238 during March, and April.
Based upon to the price in Cave Creek (cities), this has gone up in the last 6 months. The average price during our first sample month during November, is $580,446. During December the price went through a considerable rise reaching $672,362. In the following two months the average price has remained the same with regard to the previous two months from $626,404 to $615,376.5. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $703,943 they are 23 % more affordable than the average price for Cave Creek. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 1 bedroom priced at $590,675.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $218 / sq.feet, with an average $234 / sq.feet price in Cave Creek. The properties with the highest average prices have 2 bedrooms. They are 78 % more expensive than the average followed by properties with 1 bedroom with a price at $398 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $703,943 it is 15 % cheaper than the average price in Cave Creek. "Office" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Apartment". At a price of $629,262 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $204 / sq.feet followed by "Office" priced at $205 / sq.feet. "Condo" is the most costly type of property with a $750 / sq.feet cost followed by "Apartment" with an average price of $206 / sq.feet.