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 January, the average price per sq.feet was $323. In February this price pretty much remained the same at a value of $315 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 127 %. The price per sq.feet has increased 110 % 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 $362 to $399 during May, and June.
Based upon to the price in Cave Creek (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $823,271. In February This price remains at $850,690. During the following two months (March, April) the average price had a considerable increase of 135 % 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 114 % 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 $1,013,169 they are 54 % more affordable than the average price for Cave Creek. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $808,484.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $392 / sq.feet, with an average $380 / sq.feet price in Cave Creek. The properties with the highest average prices have 2 bedrooms. They are 8 % more expensive than the average followed by properties with 1 bedroom with a price at $399 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,013,169 it is 47 % cheaper than the average price in Cave Creek. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $771,953 it is 8 % 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 $159 / sq.feet followed by "Duplex" priced at $249 / sq.feet. "House" is the most costly type of property with a $400 / sq.feet cost followed by "Townhouse" with an average price of $358 / sq.feet.