The prices in real estate in Cave Creek, 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 Cave Creek has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $2,667. In the following month the price per sq.feet decreased to $2,294. The price for the following two months in (September, October) had a considerable decrease of 13 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 18 % 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 $1,396.25 to $254.5 during November, and December.
Based upon to the price in Cave Creek (cities), this has gone up considerably in the last 6 months. The price in July is $612,422, rising in August till $648,019. During the following two months (September, October) the average price had a considerable increase of 120 % 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 gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $772,620 they are 36 % more affordable than the average price for Cave Creek. The properties with the highest average price have 1 bedroom, Their price is 14 % more costly than the average. After that we have properties with 4 bedrooms priced at $796,832.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $253 / sq.feet, with an average $254 / sq.feet price in Cave Creek. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $270 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $772,620 it is 60 % cheaper than the average price in Cave Creek. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $631,325 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $237 / sq.feet followed by "Townhouse" priced at $248 / sq.feet. "Apartment" is the most costly type of property with a $1,207 / sq.feet cost followed by "House" with an average price of $268 / sq.feet.